It is only good to install 5 times. On computers you own. When you use the Desktop installed program your return is only saved and stored on that computer, not online. April 16, 2020 6:25 PM Can 5 people share Turbo tax premier and file 5 federal returns and 5 state returns within 1 state?
If we detect that your tax situation requires expanded coverage, like deductions for owning a home, unemployment income, or self-employment income, we’ll prompt you to upgrade to a version that supports the forms you need so we can maximize your tax deductions and ensure you file an accurate return.
One of the next things we wanted the answer to was is TurboTax free to use?
, turbo Tax online offers four different ways to file your taxes, depending on your unique tax needs. With all versions except desktop computer software, you can start and enter your information for free. You only pay at the end when filing your federal and state tax returns.
Why did I have to pay $70 for Turbo Tax premier online?
Because of one form (schedule D 1040) we were forced to purchase Turbo Tax Premier Online for $70. After completing and e-filing our taxes, we spoke with my sister-in-law.
Should you hire a tax professional or TurboTax?
While some people with very complex or unique situations may feel more comfortable with the direct assistance of a tax professional, the majority of tax situations are easily covered by Turbo, and tax., turbo Tax offers online and desktop versions of its software, with different prices depending on your tax filing needs.
Do I need TurboTax Premier to enter a Schedule K-1?
Yes – You need to use the Premier version of Turbo. Tax to enter a Schedule K-1 in Turbo, and tax. Please make sure you use the right K-1 entry form. There are actually three types of K-1s, depending on the type of entity creating the K-1: partnership, S-corporation and trust/estate.
BTW: This was my first year to invest in the stock market Depends. If you use the Online web version you do need Premier. If you buy the Desktop CD/Download program Deluxe will work but you get more help in Premier.