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Archive for February, 2013

Taxes with a rental now - should I hire out?

February 28th, 2013 at 11:35 am

I have always done our taxes, first manually filling in all the forms by hand, then moved on to TaxAct and have been using TaxAct for several years now.

Last year, we became landlords and now I find myself in uncharted territory. I think it should be simple enough to put our rental info into TaxAct but I have a little voice inside me that just won't shut up... I guess I'm afraid I'll miss something and really put us in target for an audit or something.

Any of you do your own taxes while having rental properties?

My sister got a new job!

February 7th, 2013 at 06:49 am

Ok, so my younger sister just received a great job offer.... so why do I feel so jealous of her? She and her hubby are in so much better shape financially that we are and that just makes me ache. She's making right around the $100k mark with this new job from what I can piece together (she doesn't share her income numbers with me anymore). Together with her DH, they are making about $180k I think. Now, DH and myself, we aren't making shabby incomes at around $140k but we work in a completely different sector so I have to keep reminding myself of this. I think the thing that bothers me the most is that sis will have her house paid off in the next 8-10 years (brand new house they bought in 2006)... while I'm still carrying 2 mortgages and will be for a long while. I'm just so envious. Ugh. I know I should be happy for her but it's hard to be... I'm such a bad sister Frown