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What are "complicated" taxes that require a professional? (USA) (lemmy.world)

submitted 8 months ago by Copernican@lemmy.world to c/personalfinance@lemmy.ml

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I always see advice about which software to use and there's always the advice that FreeTaxUSA is the best bang for your buck and does everything you need for when your taxes are "simple." I've used and thought it was great for years. But as my career has grown and no longer filed as a single I've begun to question when my taxes and earnings become "complicated" to the point where it is worthwhile to have a professional do my taxes. Are there general recommended bullet points or scenarios?

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[–] deegeese@sopuli.xyz 4 points 8 months ago

You already paid tax, but also got a 1099, so if you don’t enter the correct cost basis you will be double taxed.