If you are relying on Turbotax, you are making a big mistake. I think they have stopped improving it much and now just "milk the cow" mode. I can think of 10 thousand improvements but each year they are same old same old. So I went to a very competent CPA just to double check if TT was maxing out. It turned out that I was losing significantly in TT. For example, TT did not identified wrong cost basis that often comes from the brokers like Fidelity. CPA noticed them in a second. TT also failed to make sure I was saving on taxes paid to state by various channels. If you are giving IRS more than $10K in taxes, it is worth finding and hiring a CPA who often charges less than $500.
Comments
If you are relying on Turbotax, you are making a big mistake. I think they have stopped improving it much and now just "milk the cow" mode. I can think of 10 thousand improvements but each year they are same old same old. So I went to a very competent CPA just to double check if TT was maxing out. It turned out that I was losing significantly in TT. For example, TT did not identified wrong cost basis that often comes from the brokers like Fidelity. CPA noticed them in a second. TT also failed to make sure I was saving on taxes paid to state by various channels. If you are giving IRS more than $10K in taxes, it is worth finding and hiring a CPA who often charges less than $500.