First of all, a disclaimer: Just because I did this, doesn’t mean it’s right. Do your own research. Further, this article won’t be useful to the vast majority of taxpayers for several reasons:
- This is income from a specialized kind of investment (Real Estate investment Trust, or REIT).
- People with complicated situations like to take their taxes to a professonal to do, who will use software.
- Even without a complicated situation, most people use software like TurboTax, where they just enter all this information, and the software does the right thing.
But I’m an odd bird, and like to do my taxes manually, using software only for checking.