If you have just interest and dividends (Schedule B) you can use any version of Turbo, and tax. However, if you have capital gains /losses reported on a brokerage statement, requiring a Schedule D, you need Turbo. Tax Premier (Online) or any version of Turbo, and tax cd/download.
You should be able to use Free or Basic Live. Here is a listing of forms for each version. If you are using desktop, you will need Deluxe.
Another popular question is “What can I do with TurboTax free?”.
Free filing of your simple federal and state tax returns, guaranteed Covers W-2 income, Earned Income Tax Credit (EIC) and child tax credits Jumpstart your return with last year’s Turbo. Tax info or import a PDF of your return from another tax software.
What version of TurboTax do I need to prepare a 1041?
You can upgrade from one personal product to another at any time, but the only version of Turbo. Tax that supports the preparation of a 1041 for an estate or trust is Turbo. Tax Business, which is different from Home & Business (see the link below).
While I was researching we ran into the query “Which version of TurboTax do I need for a K-1?”.
, the turbo Tax products that support K-1’s are: Turbo. Tax Online Premier and Self Employed. What’s the difference between Turbo. Tax Online and the Turbo, and tax cd /download?
What are turbotax minimum system requirements?
Minimum system requirements for Turbo. Tax Windows software 2020 – 2021: 1 GB for Turbo. Tax (plus up to 4.5 GB for Microsoft .. NET 4.5.2 if not already installed)
2019: 2 GB, plus up to 4.5 GB for Microsoft. NET 4.5.2 client if not already installed
2018: 650 MB, plus up to 4.5 GB for Microsoft. NET 4.5.2 client if not already installed
More.
This of course begs the question “What are the system requirements for TurboTax for 2020?”
Some articles claimed below are the system requirements for Turbo. Tax Basic, Standard, Premier, Home Business, and Turbo. Tax 20 for the tax year 2020: Processor: 1 GHz or faster Operating System: Windows 10 or Windows 8 (Windows 7 not supported) Internet Browser: Internet Explorer 11.0 or later.
Here are the minimum system requirements for Turbo. Tax 2016 through 2020 software for Mac Basic, Deluxe, Premier, and Home Business editions., 2020: mac OS Mojave 10.14 or later; 2019: mac. OS High Sierra 10.13 or later; 2018: mac . OS X v.10.12 or later (64-bit required) 2017: mac. OS X v10.11 or later (64-bit required).
This begs the query “How much hard drive space do I need for TurboTax?”
You see, hard Drive Space: 300 MB free hard drive space (approximately). If Microsoft .. NET Framework 4.5.2 isn’t installed already, you’ll need an additional 4.5 GB of hard drive space (Windows 10 already includes the necessary .. NET Framework files) If your computer doesn’t meet the minimum requirements, you can consider using Turbo. Tax online editions.
What internet speed do I need to install TurboTax business?
, note: turbo Tax Business can only be installed on Windows., note: turbo Tax Business can only be installed on Windows. 1 Mbps modem (Broadband connection highly recommended).
How much does it cost to file taxes with Turbo Tax?
TURBOTAX ONLINE/MOBILE Try for Free/Pay When You File: Turbo. Tax online and mobile pricing is based on your tax situation and varies by product. $0 federal (for simple tax returns) + $0 state + $0 to file offer only available with Turbo. Tax Free Edition; offer may change or end at any time without notice.