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Which module of turbo tax is most suitable for our family?
I am a salaried employee, have few rental properties, a very small side business. My wife is unemployed and just have rental income. Our son is a university student and he receives TA from school. I would like to use some expert advise too.
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Self-employed
Thank you for your Well thought out question!
Turbotax Premier will handle the rentals very well but for the self-employment income, I would recommend either the online self-employed or the desktop/download Home and business
You can add a Pro review to any tax return either in the online version or desktop version.
Since you have several tax returns to complete, I would recommend the Desktop CD or download Home and business. (this only works on Windows based computers. We do not have a Mac version as of yet). It includes 12 returns of income over $25000 and 8 returns for income below $25000.
The pro review is pay ONE price ($54.99) for the product and you can review all the returns in the desktop version. We just ask that you call in one at a time. (Unless a couple of course).
https://turbotax.intuit.ca/business-tax-software/home-business.jsp
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Self-employed
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Self-employed
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Self-employed
You will need to refer to your rental statements from the accountant in order to enter some information like capital cost allowance. You will need last year's balances for the beginning of this year. Providing you have a complete return (not a condensed version), you should have all the information required.
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