Can I use Turbo. Tax Deluxe for stocks?
If you received a Schedule K-1 (Form 1065), which you would get if you are in a partnership, that’s another reason you’ll need Turbo, and tax premier.
One inquiry we ran across in our research was “What version of TurboTax do I need to enter capital gains?”.
If you have any capital gains or losses that need to be reported on Schedule D, then you would have to use the Premier edition. For the desktop editions, you can use any of the 2013 editions for Turbo. Tax for what you want to enter.
You may be asking “Which TurboTax to use for stock dividends and interest?”
For the online editions of Turbo. Tax for reporting only dividends on form 1099-DIV and interest on Form 1099-INT, you can use either the Deluxe or Premier Edition.
However, there still is a way to get your cryptocurrency tax information into the Desktop version of Turbo, and tax. We outline that step-by-step process in this article here .
Can I use the free version of TurboTax for stock sales?
, the turbo Tax online Free edition is used for fairly simple tax return and supports IRS Forms 1040EZ and 1040A. A tax return with stock sales would not be able to use the Free edition since to report those sales you need the full Form 1040, Schedule D and Form 8949.
Whether you have stock, bonds, ETFs, cryptocurrency, rental property income or other investments, Turbo. Tax Premier has you covered. Increase your tax knowledge and understanding all while doing your taxes.
What kind of income can I expect to get from TurboTax?
I’ll have stock trade income, and bank interest income, and regular work income. , the turbo Tax online Free edition is used for fairly simple tax return and supports IRS Forms 1040EZ and 1040A.
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.