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Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid.This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.We’ll search over 500 deductions and credits so you don’t miss a thing. You can also file taxes on your own with TurboTax Premium. Your expert will uncover industry-specific deductions for more tax breaks and file your taxes for you. Let a local tax expert matched to your unique situation get your taxes done 100% right with TurboTax Live Full Service. As with any rental property, make sure you have landlord insurance on your home. You’re also entitled to the same deductions as any other landlords. However, if you sell it while you still meet the two-of-the-last-five-years test then you can typically exclude a significant portion, if not all, of your profit. “If you rent your home for more than three years out of five, and then sell it, the capital gain is taxable. If they can’t sell their house, they rent it,” Ayoub notes. “You see people moving out of town or state to go to a better job. It’s not unusual for someone to become a landlord out of circumstantial necessity.

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