TurboTax Premier for rental properties? - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Morozee · 03-20-2011, 07:04 PM

I have been using TurboTax Standard (formerly QuickTax) for the last 7 or 8 years to file our tax returns. This year I have to additionally make claims for a rental property, which I have never done before. The Premier edition of TurboTax is advertised to have "Additional help for rental property income, expenses and financing". Is it worth the extra $40 dollars for this "additional help"? Is there perhaps a better, cheaper resource out there that I can refer to and just use the TurboTax Standard version? Any advice or recommendations is appreciated.

Locke · 03-20-2011, 07:41 PM

If its just additional help then dont waste your money.

Mrs. Rathji · 03-20-2011, 08:03 PM

Studio Tax works for Rental properties. Free download, just google studio tax! Used it the last 3 years and works great!

squiggs96 · 03-20-2011, 09:18 PM

I use QuickBooks to do my rental property and consulting books and then I use UFile to send in my T1. When I was articling at CA firms I used TaxPrep, but once I received my CA, UFile is good. It's only $20 and is fairly user friendly.

Morozee · 03-20-2011, 10:53 PM

Quote:

Originally Posted by Locke

If its just additional help then dont waste your money.

Ya, I think you're right. $40 for some information I can likely find on the CRA website is a waste.