Prompt

Can you recommend a tax planning software for comparing filing scenarios when a client has W-2, 1099, and rental income?

Latest observation

Jul 24, 2026 · OpenAI APIWeb search: off

Yes — if your main need is comparing “what-if” filing scenarios for a client with W-2, 1099, and rental income, I’d look at software that supports tax projection, multi-scenario comparison, and entity/filing status analysis.

Best options to consider

1. Drake Tax / Drake Tax Planner

  • Good for tax professionals
  • Includes tax planning/projection tools
  • Can compare scenarios like:
    • W-2 only vs. adding 1099 income
    • Schedule E rental treatment
    • Married filing jointly vs. separately
    • Retirement contribution strategies
  • Strong value if you want a more affordable professional suite

2. Intuit ProConnect Tax + Planner

  • Solid for scenario analysis and projections
  • Useful if you already work in the Intuit ecosystem
  • Can model multiple income streams and estimate tax impact
  • Better for firms already using QuickBooks/Intuit tools

3. CCH Axcess Tax + Tax Planner

  • More enterprise-grade
  • Very strong for complex client planning
  • Good reporting and scenario comparison capabilities
  • Typically pricier, but robust for larger practices

4. UltraTax CS + Planner CS

  • Excellent for detailed tax planning
  • Strong integration with tax prep workflows
  • Good if you need advanced modeling for rentals, pass-through income, and projected liability

5. Lacerte Tax

  • Strong for high-complexity returns
  • Has tax planning/projection features
  • Often favored for more intricate client situations, though usually on the pricier side

If you want a lighter-weight planning-only tool

If you don’t need a full tax prep suite, look at:

  • Holistiplan — very popular for tax planning summaries and scenario insights, especially for advisors
  • RightCapital / eMoney / MoneyGuide — more financial planning oriented, but can be useful for broader scenario modeling
  • BNA Income Tax Planner — strong standalone tax projection tool, more traditional and detailed

My practical recommendation

  • Best value for tax firms: Drake Tax
  • Best standalone planning tool: BNA Income Tax Planner
  • Best advisor-friendly presentation/reporting: Holistiplan
  • Best enterprise option: CCH Axcess or UltraTax CS

What to look for specifically

For your use case, make sure the software can handle:

  • Schedule C / 1099 self-employment income
  • Schedule E rental income and depreciation
  • QBI calculations
  • Estimated tax payments
  • Scenario comparisons side-by-side
  • State tax impact
  • Different filing statuses and spouse income combinations

If you want, I can also give you:

  1. a top 3 shortlist by budget, or
  2. a comparison table focused specifically on W-2 + 1099 + rental scenario planning.

Observation history

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