My taxes are typically only slightly too complicated for a 1040EZ. I pay mortgage interest and property taxes and make some donations and have dividends and capital gains to report. I’ve used both TaxACT and TurboTax in the past and both packages handle my tax calculating and reporting swimmingly, though I prefer TaxACT because it’s cheaper.
However, late last year I sold my house in Arizona and bought one in New Mexico (so, different states), which certainly complicates things. I have all my forms–HUD1 statements and what not. I was planning to try out both packages to see how well they’d handle the home sale and purchase and well as the interstate move, but thought I’d ping you all on your personal experiences with this before I dive in.
My questions are as follows:
[li]How well do TurboTax and/or TaxACT handle reporting house sales/purchases and moves, both from a user-friendliness aspect as well as thoroughness?[/li][li]Is there one package that handles this stuff better than the other?[/li][/ol]
I’m afraid I may have to consult with an actual professional type for the first time ever, but am hoping I can get it done with one of the software packages.
2014 will be nice in that I’ll be back to my usual, uncomplicated, boring self.
Thanks in advance for your replies.