Turbotax Versions

Posted by Walt Bilofsky on January 29, 2007, 1:20 am

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I have capital gains and have always used Turbotax Deluxe. Will that
work this year, or do I have to buy Premier?

The Turbotax web site says:

"Choose TurboTax Premier Investments if ... You sold investments, such
as stocks, bonds, or mutual funds."

"Choose TurboTax Deduction Deduction (sic) Maximizer if ... You don't
sell investments, such as stocks, bonds, or mutual funds."

The comparison chart says Premier has "Help for sales of stocks,
bonds, mutual funds ... " and a cost basis tracker (which I do in
Quicken).

But all three versions - Premier, Deluxe and even Basic - list all the
same forms, including Schedule D.

So - will they all compute stock and bond sales? Or is Intuit forcing
me to buy the Premier version (or switch to TaxCut)?

- Walt Bilofsky

Posted by Marvin Kornblau on January 29, 2007, 5:20 am

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Walt Bilofsky wrote:

> I have capital gains and have always used Turbotax Deluxe. Will that

> work this year, or do I have to buy Premier?

> The Turbotax web site says:

> "Choose TurboTax Premier Investments if ... You sold investments, such

> as stocks, bonds, or mutual funds."

> "Choose TurboTax Deduction Deduction (sic) Maximizer if ... You don't

> sell investments, such as stocks, bonds, or mutual funds."

> The comparison chart says Premier has "Help for sales of stocks,

> bonds, mutual funds ... " and a cost basis tracker (which I do in

> Quicken).

> But all three versions - Premier, Deluxe and even Basic - list all the

> same forms, including Schedule D.

> So - will they all compute stock and bond sales? Or is Intuit forcing

> me to buy the Premier version (or switch to TaxCut)?

> - Walt Bilofsky

TT Deluxe handles regular C/G's quite well.

Intuit is always pushing their more expensive products, and in the case
of TT Deluxe it presses the upgrade to Premier in many places in the
program.

Marvin

Posted by mookie on January 29, 2007, 9:16 am

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> Walt Bilofsky wrote:

>> I have capital gains and have always used Turbotax Deluxe. Will that

>> work this year, or do I have to buy Premier?

>> The Turbotax web site says:

>> "Choose TurboTax Premier Investments if ... You sold investments, such

>> as stocks, bonds, or mutual funds."

>> "Choose TurboTax Deduction Deduction (sic) Maximizer if ... You don't

>> sell investments, such as stocks, bonds, or mutual funds."

>> The comparison chart says Premier has "Help for sales of stocks,

>> bonds, mutual funds ... " and a cost basis tracker (which I do in

>> Quicken).

>> But all three versions - Premier, Deluxe and even Basic - list all the

>> same forms, including Schedule D.

>> So - will they all compute stock and bond sales? Or is Intuit forcing

>> me to buy the Premier version (or switch to TaxCut)?

>> - Walt Bilofsky

> TT Deluxe handles regular C/G's quite well.

> Intuit is always pushing their more expensive products, and in the case of

> TT Deluxe it presses the upgrade to Premier in many places in the program.

> Marvin

I agree that Intuit is obnoxious in their sales pitch. That said, I have
the Premier edition. It seems fairly easy to use for investments. For that
reason, I'm happy I shelled out the extra money as I don't have to think -
just answer the questions.

Rich

Posted by Bob on January 31, 2007, 7:56 pm

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I have found that TurboTax Deluxe has worked well for ivestments, however I
noticed this year they dumbed down TT Deluxe somewhat. When you sell a
business property you need to file 8594 (Asset Acquisition Statement). This
was included with TT Deluxe 2005 but is not included in 2006. And they
don't even list the forms on the box so you could tell in advance.

Bob

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> Walt Bilofsky wrote:

>> I have capital gains and have always used Turbotax Deluxe. Will that

>> work this year, or do I have to buy Premier?

>> The Turbotax web site says:

>> "Choose TurboTax Premier Investments if ... You sold investments, such

>> as stocks, bonds, or mutual funds."

>> "Choose TurboTax Deduction Deduction (sic) Maximizer if ... You don't

>> sell investments, such as stocks, bonds, or mutual funds."

>> The comparison chart says Premier has "Help for sales of stocks,

>> bonds, mutual funds ... " and a cost basis tracker (which I do in

>> Quicken).

>> But all three versions - Premier, Deluxe and even Basic - list all the

>> same forms, including Schedule D.

>> So - will they all compute stock and bond sales? Or is Intuit forcing

>> me to buy the Premier version (or switch to TaxCut)?

>> - Walt Bilofsky

> TT Deluxe handles regular C/G's quite well.

> Intuit is always pushing their more expensive products, and in the case of

> TT Deluxe it presses the upgrade to Premier in many places in the program.

> Marvin

Posted by Walt Bilofsky on February 1, 2007, 5:44 pm

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Their web site lists the included forms, but the lists are identical
for all three personal versions - Basic, Deluxe and Premier. None of
them lists 8594, so perhaps the lists are incomplete. Or maybe you
don't need it in '06. Or maybe the lists are wrong.

At http://turbotax.intuit.com/tax_products/desktop_products.jhtml
click Learn More for any product; then there's a Forms tab.

- Walt

>I have found that TurboTax Deluxe has worked well for ivestments, however I

>noticed this year they dumbed down TT Deluxe somewhat. When you sell a

>business property you need to file 8594 (Asset Acquisition Statement). This

>was included with TT Deluxe 2005 but is not included in 2006. And they

>don't even list the forms on the box so you could tell in advance.

>Bob