Tools
Each tool answers one question or keeps one set of records. Open a tool in TaxBRK and what you enter saves to your account as you go.
Free during the private beta. No card needed.
Trackers
A tracker is a logbook. It keeps the records a tax position depends on.
Log your real estate hours. See if you count as a real estate professional.
Log each guest stay. See if your average stay is seven days or less.
Log the hours you work in each business. See which of the seven tests you meet.
Log business, medical and charity miles. See the deduction at the IRS rate.
Compare the simple method with your actual costs for a home office.
Log business trips, daily meal allowances and what you really spent.
Count the days you rent out your home, to your own business or to someone else.
Calculators
A calculator answers one question from the numbers you type in.
Trade one investment property for another. See the gain you put off and the part taxed now.
Compare self-employment tax with paying yourself a salary from an S corporation.
Selling your home? See how much of the gain is tax-free.
Test moving money from a traditional IRA to a Roth, and the tax it adds this year.
See how much room is left in your tax bracket this year.
See how your gains and losses offset, what loss carries forward, and the tax at each rate.
Compare a tax-free municipal bond with a taxable bond at your tax rates.
Compare holding an investment in a taxable account, an IRA or a Roth.
Compare claiming ages. See how much of your benefit is taxed.
Track gifts against the yearly and lifetime limits. Estimate estate tax.
See where your state taxes income differently from your federal return.
With your preparer
At the end of the year, export each tracker as a PDF or a spreadsheet. Take it to your preparer, or keep it open beside your filing software.
