Nice program in general, but fell short in some areas in which it promotes itself. On its cover it is billed as being for "Self-Employed/Rental" users. This is what I needed it for, and this is where it suffered.
My wife is self-employed with an ACA Health plan tied to that business. She has also owned rental property in previous years in which she was not self-employed. HRB's software does not allow us to specify which business is tied to the ACA plan (something that TurboTax does, by the way), and insists on lumping both the rentals and her other business together for that purpose. Further complicating matters is that she is the sole property owner, and therefore an active owner in the rentals. She absorbed a loss on the property this year and HRB was unable to perform any of the ACA Tax credit calculations because of this, meaning that we had to do our calculations by hand and then enter them manually.
I really think that a program that advertises itself as designed for the self-employed and rental income users would be able to handle such income. Apparently not.
If you have more than one business, or have rental property AND another business, I suggest that you look elsewhere.
I typically go to a tax accountant for income tax preparation but decided to save the fees this year and use the H & R Block software instead. I'm glad that I did. While I ended up having to pay, I felt the software was easy to use and felt confident that the filing was correct. I will most likely use it again in the future.
Pros: Easy to prepare, Easy to import documents, Fast
I've been using HR Block for at least the past ten years and this software has helped me through the details of having a rental property that otherwise would have been beyond my knowledge base. I do have to say though, it seemed a bit more complicated to maneuver through the process for my 2021 taxes than in previous years. I didn't feel quite as confident as I have in the past.
It Is the Little Things that make Premium software
on June 15, 2022
Posted by: Grayelve
from Western New York
Verified Purchase:Yes
My comfort level is about 90% using Premium. I think importing previous year's data to include a history profile so as to catch significant entry changes to be flagged for rechecking. Here is why, filling out my Star and Senior Tax Reduction forms I realized that for total monthly income I entered one month's rent and not the total of the months' rents and therefore had to file an amended tax return for that mistake. I keep a log of my returns and have enter a note in caps no to make that mistake again.