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.
The next thing we wondered was: what version of turbotax should I buy?
In all the questions and answers below, you can always use a more expensive version of Turbo, and tax. We list the cheapest version you’ll need. For example, if you sold stock, you’ll need Turbo. Tax Premier or better, which only includes Turbo. Tax Home & Business.
Generally, if you have stock trades that are reported on form 1099-B and you’re using Turbo. Tax Online, you’ll need to use the Premier or higher version. , see turbo Tax Premier and Turbo. Tax Live Premier If you want to use the Turbo. Tax CDDownload version, you may use Basic, Deluxe, Premier or Home & Business.
This of course begs the inquiry “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?
Is there a free version of TurboTax?
This free version of Turbo. Tax is a great option for taxpayers whose income is largely from W-2s and savings in the bank. The tax software includes a free filing of your simple federal and state tax returns.
, 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.
The deluxe version is only about support . Their free version includes much of what is included in Turbo. Tax Premier (investments, rental income) and Home & Business (1099 income and expenses). You can see our full review of Free, tax USA for more.
If you only have a W-2 from work and various Form 1099s, you may only need the Turbo. Tax Free Edition.
Amazon has Turbo. Tax self-employment software on sale right now under the name Turbo. Tax Home and Business. Note that Turbo. Tax Home and Business is the same as Turbo, and tax self-employed., turbo Tax Home and Business is the name of the desktop CD and downloadable version., turbo Tax Self-Employed is the name of the online version .
What version of TurboTax do I need to report a house sale?
If you do need to report it or if it was an investment property (second home), report on Schedule D Capital Gains and Losses. Rental Properties are reported on Form 4797. Use Premier Edition for any of these sales. May 31, 2019 10:05 PM I sold a house this year. What version of Turbotax do I need? What type of house was it?
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.