What would be the cost of us using turbotax if we are married filling jointly self employed and have 4 rental properties?
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You need online Premium if you have self-employment income. The cost will vary depending on whether you use the "do-it-yourself" version of one of the "Live" versions with expert help, and on whether you also have to prepare a state return.
https://turbotax.intuit.com/personal-taxes/online/
We were planning on doing ourselves. I think we figured the cost to be about $500 but didn’t see any option for Married filing jointly. Would that be twice the price?
When you file married filing jointly you prepare ONE tax return that has all of your combined information on that one return. If you are getting a refund, the refund will be payable to both spouses. If you are planning to use the "do-it-yourself" software, you have overestimated the cost.
Using the link already provided for online ---click on "File your own taxes" to see pricing.
The online versions of TT software range up to $89 for federal + $39 for each state return that you prepare.
How to start a new joint return
You will not be able to merge two previous TT account to start your new joint return. You can transfer ONE of your 2023 returns into a new return, so choose the most complicated one. The other spouse’s information needs to be entered manually. The first name you enter will be the “primary” taxpayer——and in subsequent years you need to keep the names in that order—do not try to change the order of the names.
When you enter the primary spouse’s information in My Info, you have to answer the question "Were you married?" If you click the button for Married, then a drop down will appear that asks, "Do you want to file this return together with your spouse?" Then you choose YES to file a joint return. You enter your spouse's information into My Info. Whenever you are entering income information there should then be a spot for you and for your spouse's income information. WATCH for the names as you enter income on the screens.
When you prepare a joint return you include all the information for both spouses on the SAME tax return. Include all of your personal information, all of your income from every source, all dependents (if any), all credits and deductions for both of you. You get ONE refund with both names on it.
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