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turbo tax question
Old 02-03-2018, 04:28 AM   #1
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turbo tax question

Hello everyone.. my name is Roland and I am new to the forum so I hope I'm posting this question in the correct place. I have a question about which version of turbo tax to use. My wife and I are both retired, she has a pension but does not get SS.. I get SS but no pension. We do have some money in a few IRA's and in a 401K from my previous employer. I've read if you have stock / bond investments then you should use Turbo Tax Premier. As I said, we have investments, but we did not buy or sell a thing in 2017. So could I use TT Deluxe and will Deluxe still import my 1099 interest and 1099 div. information, or should I go with turbo tax Premier? Also, not to sound dumb, but I found I can download Turbo tax for $30 bucks less than ordering it with a physical disc. I'm concerned about locating the software after I download it. I say this because it has happened to me before... I guess some dogs don't learn new tricks. Anyway, any thoughts or advice you could throw my way would be most appreciated. Thank you all...
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Old 02-03-2018, 08:51 AM   #2
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I'd go by the features/capabilities that are listed on the TT website for each product and the specifics of your case. Note, they are known to move things around between versions/products from year to year, and not be real upfront with their users, so read them close.

Personally, I've been using the downloaded version of Premier for several years now and never had any problems with the initial download or updates. It checks for updates every time you launch the application and gives you the option of updating or not. I always accept the updates and never had a problem with those either.

The only problem I have with TT is, it keeps telling me I owe taxes each year. Wish they would fix that!
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Old 02-03-2018, 09:16 AM   #3
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I don't think you'll have any problem using Deluxe. I think that without any stock transactions, you could probably use basic, but I wouldn't bother for the difference in cost. As for the 1099's, I've never downloaded a 1099 or W-2 into TT. It's so easy to just type the data in, unless I had a lot of them or found the download process to be extremely simple, it just doesn't seem worth the trouble.

As for your other question, I prefer the physical disc instead of the download. I've not found the difference in cost to be that great ($30). Make sure you're comparing the same product. On Amazon, the CD version of Deluxe with state is $40 and the download version is actually higher.
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Old 02-03-2018, 09:19 AM   #4
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Can you download the basic version, and upgrade it if you need it, after the fact?
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Old 02-03-2018, 09:42 AM   #5
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Welcome!
I was using Premier because I had a rental. After I sold it, I dropped back to Deluxe. I am most of the way through this year's taxes, and Deluxe will do a Schedule D and the supporting forms without a problem.
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Old 02-03-2018, 09:42 AM   #6
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Make sure you are downloading it from a reputable site, like directly from TurboTax or Amazon. There are a lot of unauthorized sites reselling TT. Maybe it's ok, or maybe they are downloading some malware onto your computer as well. Not worth it to me to save $30 and risk that.
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Old 02-03-2018, 10:25 AM   #7
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There is a difference between TT Deluxe and TT Deluxe. Yes, you read that correctly. Intuit confuses taxpayers by making different versions of TT Deluxe.
One will download 1099-Bs and one will not. Which version would you be getting?

I think the online version of TT Deluxe will not download 1099-B while the desktop version of TT Deluxe will. Choose wisely. That means ditch TT and buy HRBlock Deluxe desktop version for your computer.
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Old 02-03-2018, 10:26 AM   #8
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I have a TT question also, if it is OK to ask. If I E-File and owe money? Does Turbo Tax print the 1040v automatically? I like to pay by check.

Also is all the personal info on that form? If it is, then why not file by mail completely as there is no real security benefit to E-File.

It look like it has the SSN on it. So I may have answered my own question.
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Old 02-03-2018, 10:33 AM   #9
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There is a difference between TT Deluxe and TT Deluxe. Yes, you read that correctly. Intuit confuses taxpayers by making different versions of TT Deluxe.
One will download 1099-Bs and one will not. Which version would you be getting?

I think the online version of TT Deluxe will not download 1099-B while the desktop version of TT Deluxe will. Choose wisely. That means ditch TT and buy HRBlock Deluxe desktop version for your computer.
No it doesn't. HRB has plenty of issues too. More than TT for me. I had to file an amended return last year because HRB omitted the foreign tax credit form. There were other problems too.
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Old 02-03-2018, 11:54 AM   #10
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I use the app thru my bank (USAA) and it corrects for three versions: deluxe for me, free for dtr & GS1, premier + estimated payments / mail a check / extension for xDSIL (they're all USAA)

I assume it's all correct. I just needed to amend mine when I got a corrected 1099 consolidated in October ---- and yes, I download
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Old 02-03-2018, 11:55 AM   #11
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I have a TT question also, if it is OK to ask. If I E-File and owe money? Does Turbo Tax print the 1040v automatically? I like to pay by check.

Also is all the personal info on that form? If it is, then why not file by mail completely as there is no real security benefit to E-File.

It look like it has the SSN on it. So I may have answered my own question.
Yes, software providers that allow e-filing are required to provide form 1040-V with instructions for mailing a payment. The 1040-V has all the info needed for the IRS to connect the payment with the appropriate return.

E-file will arrive at the IRS faster, so if you are concerned about identity theft, it might be a better option for you. It's also free, while mailing a thick packet of paper costs a few dollars for the envelope and postage.
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Old 02-03-2018, 12:15 PM   #12
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Yes, software providers that allow e-filing are required to provide form 1040-V with instructions for mailing a payment. The 1040-V has all the info needed for the IRS to connect the payment with the appropriate return.

E-file will arrive at the IRS faster, so if you are concerned about identity theft, it might be a better option for you. It's also free, while mailing a thick packet of paper costs a few dollars for the envelope and postage.
I think I will do a direct deposit from my Bank. It is the safest and Free. As much as I loathe giving the IRS my bank info, I am sure they already have it.
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Old 02-12-2018, 03:31 PM   #13
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The Deluxe version took about 3 hours to install, that's 3 hours worth of updating and downloading and cranking away. I could have near completed my taxes by hand on paper during the time it took Turbotax to install itself. For 2017 what does Turbotax need to do other than the usual add, subtract, and multiply that to accomplish requires 3 hours worth of software updating? If this is the turbo edition, I'd hate to have install the normally aspirated.
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Old 02-12-2018, 03:44 PM   #14
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The Deluxe version took about 3 hours to install...
Sounds like something didn't work correctly.
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Old 02-12-2018, 03:53 PM   #15
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Or your network speed was terribly slow.
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Old 02-12-2018, 04:08 PM   #16
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Quote:
Originally Posted by GrayHare View Post
The Deluxe version took about 3 hours to install.
Quote:
Originally Posted by REWahoo View Post
Sounds like something didn't work correctly.
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Originally Posted by RunningBum View Post
Or your network speed was terribly slow.
Or maybe it's just the way the DOS version of TurboTax is supposed to work.
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Old 02-12-2018, 05:33 PM   #17
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The Deluxe version took about 3 hours to install, that's 3 hours worth of updating and downloading and cranking away. I could have near completed my taxes by hand on paper during the time it took Turbotax to install itself. For 2017 what does Turbotax need to do other than the usual add, subtract, and multiply that to accomplish requires 3 hours worth of software updating? If this is the turbo edition, I'd hate to have install the normally aspirated.
Are you still using dial up?
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Old 02-12-2018, 06:50 PM   #18
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Are you still using dial up?
Apparently I'm still using an acoustic coupler. Software that does basically the same thing as the prior year's version should not require hours of new downloads to operate. Turbotax is just a glorified spreadsheet after all.
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Old 02-12-2018, 07:02 PM   #19
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Originally Posted by ShokWaveRider View Post
I have a TT question also, if it is OK to ask. If I E-File and owe money? Does Turbo Tax print the 1040v automatically? I like to pay by check.

Also is all the personal info on that form? If it is, then why not file by mail completely as there is no real security benefit to E-File.

It look like it has the SSN on it. So I may have answered my own question.
Yes.
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Old 02-12-2018, 09:05 PM   #20
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I can say from personal experience that TT will print out the 1040-V when you e-file

Back to OP, I think that TT Deluxe should cover what you need, but if it does not, TT will let you upgrade while working the program. For an incremental cost increase fee of course.
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