I have been a DIY tax filer using turbotax. I am contributing some stocks with huge capital gains into an exchange fund (provided by the likes of Eaton Vance, Goldman Sachs, Cache) which will issue an annual K1 tax form. I wanted to check from others who receive K1, how difficult is it handle it on your own using turbotax? I have been told K1 would mostly report and dividend and rental income (exchange fund has to invest 20% of its assets into real state). I was hoping to continue doing the taxes on my own using turbotax, unless it is so complicated that a cpa is really needed. It will be great if others could share their experience, will highly appreciate it. thanks.
Statistics: Posted by rks — Tue Oct 22, 2024 12:59 am — Replies 0 — Views 3