Filing With Third Party Professional

[pk]

@ZeroBadCooks , note that 1065  is  filed ONLY using TurboTax business and ONLY the k-1 out of it gets used  on your 1040.     8938 is part of your  return  for foreign  assets , while FBAR  ( FinCen 114 ) is filed directly  and on-line ONLY .    Is that what you meant. ?

IMHO these are perfectly doable  with   TurboTax  and TurboTax busiess ( with  or without help ).

[ZeroBadCooks]

@pk thanks. I did some more research and I am fairly confident I can avoid filing the 1065.

The problem with TT is that it won’t support the 5471 for e-filing unless that has changed recently.

I will see what the pro can support/wants to do this week. I am hoping he will be open to letting me file the FBARs myself online and maybe we can share the state and federal data via some of the options already discussed. 

I do know TaxAct supports the 5471 so I will call them tomorrow and see what they will support but that is probably for 2023 and 2024 taxes unless something changes. I think it would be too ambitious to file all of the foreign filings myself the first time correctly. 

[ZeroBadCooks]

It looks like the pro is open to filling out the foreign forms and sending them to me, so I can file them with the state and federal forms I prepare. He would also include any adjustments to the 1040 I'd need to make. I am in the midst of calling up TaxAct to see exactly what I can efile, or if I need to do paper because of the multiple 5471s. This is probably the best possible outcome for me as I can handle the simple stuff myself and he can do the complex filings, and this cuts my prep bill in half. I am fairly pleased with how this has worked out. Thanks for the advice everyone.