, 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 answer is that 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.
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.
Do I need TurboTax Deluxe or Premier if I bought stocks?
It will say you need Premier but that is just a recommendation, it’s not required. May 31, 2019 5:02 PM Do I need turbotax deluxe or premier if I bought AND sold stocks ? BTW: This was my first year to invest in the stock market Depends. If you use the Online web version you do need Premier.
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.