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Turbo Tax - Deluxe or Premier
04-04-2018, 07:53 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Turbo Tax - Deluxe or Premier
OK -so, I’m a bit late ;-)
Have always used Deluxe ...no major issues.
Have a few rental properties, couple of types of income, stocks, bonds, and mutual funds.
The write up for Deluxe has always been absent much discussion on rental properties, but it worked just fine doing depr citation schedules and forms.
The Premier version talks up handling rental properties.
Anyone done their rentals for 2017 with Deluxe?
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04-04-2018, 08:23 AM
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#2
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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If you have an LLC, I think you need Premier to handle K-1"s.
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04-04-2018, 08:26 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Sorry - forgot that part.
No LLC.
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04-04-2018, 09:33 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,545
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I have used TT Deluxe for years. Worked when I had a rental property and also works for my single member LLC. Have had a variety of K-1's over the years and it works with them as well.
__________________
FIRE'D in July 2009 at 51...Never look back!
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04-04-2018, 10:45 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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Yes, I do too different returns that include rental property on Schedule E with Deluxe... no problem.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-04-2018, 11:08 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
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Premier helps for the drudgery of dealing with ESPP, NQSO or ISO options. It can be done on Deluxe with some hand twiddling, but I prefer to just let Premier handle it.
Otherwise, not sure it is very useful. I'll probably drop back to Deluxe once I'm retired.
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04-10-2018, 07:19 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Gah - so, now, I can’t even find a Deluxe version with state at the local places with their normal discount.
Fidelity has a $20 off, but it doesn’t look like it has state ...
Any suggestions?
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04-10-2018, 07:23 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Quote:
Originally Posted by stephenson
Gah - so, now, I can’t even find a Deluxe version with state at the local places with their normal discount.
Fidelity has a $20 off, but it doesn’t look like it has state ...
Any suggestions?
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Costco prices are pretty good (with additional discounts earlier), but retailers know that anyone buying this late probably can't shop around. Good luck!
https://www.costco.com/CatalogSearch...yword=turbotax
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-10-2018, 07:29 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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OK - looks like I can just buy and download through Amazon - anyone done this before? $45 looks like best I’m gonna get.
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04-10-2018, 07:38 AM
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#10
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Recycles dryer sheets
Join Date: Jun 2013
Location: Chattanooga
Posts: 499
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I often buy e versions of software from Amazon. Never a problem
__________________
Currently SKI-ing (spending the Kids' Inheritance)
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04-10-2018, 08:54 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
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Switch to H&R Block and you will find it's cheaper every year.
I switched over a decade ago, both are similar and both work.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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04-10-2018, 06:59 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by stephenson
OK - looks like I can just buy and download through Amazon - anyone done this before? $45 looks like best I’m gonna get.
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Yeah. Had to download some type of installer from the AMZN download center but otherwise worked fine. I think the online versions are cheaper but I prefer the laptop version.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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04-10-2018, 10:02 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Sunset,
Does the HRB read the TT file format - did all forms and computations for things like rental property depreciation work ok?
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04-10-2018, 11:13 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
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Quote:
Originally Posted by stephenson
Sunset,
Does the HRB read the TT file format - did all forms and computations for things like rental property depreciation work ok?
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Honestly with 6 days left to the filing deadline, if you are a TT user, I'd stick with it. Last thing you need is some hiccup and uncertainty in the software slowing you down.
I did my conversion when I had lots of time to work out issues.
My tax situation is: stock div's, capital gains L & S, stock option trades, interest, rental income, expenses and depreciations, self employment income and expenses, foreign tax credit.
The parts I think HRB should handle better is:
- foreign tax credit over $600 - it's automatic for under $600, but over and they want you fill out the form directly with little guidance.
- stock option reporting - it has you fill out the fields in a weird way, and should hide that by being able to select a radio button and fill the fields normally (like a stock buy and sell).
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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04-11-2018, 06:26 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Thanks, Sunset,
Good point ... especially given my luck yesterday -
Was going to download yesterday morning and found my 2017 MacBook Pro with a flashing question mark - after extensive troubleshooting, apparently the internal drive is no longer communicating with the computer side ....it goes in for repair tomorrow. Could be the solid state drive or wiring.
Will have to use wife’s device to get through this year.
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04-11-2018, 12:09 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,031
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Quote:
Originally Posted by stephenson
Thanks, Sunset,
Good point ... especially given my luck yesterday -
Was going to download yesterday morning and found my 2017 MacBook Pro with a flashing question mark - after extensive troubleshooting, apparently the internal drive is no longer communicating with the computer side ....it goes in for repair tomorrow. Could be the solid state drive or wiring.
Will have to use wife’s device to get through this year.
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This happened to me and ended up causing a big headache. DS miraculously spilled a full glass of water on my laptop. It had last year's files. I hotswapped the drive to copy the files, but apparently I forgot the important .tax file and only copied the pdfs. Long story short, fat fingered not one but two things incorrectly and now the IRS has me in some security review process. Yay. At least it was DWs taxes, so she's not mad at me either. I blame it on sonny boy. Laptop never did fire again.
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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04-11-2018, 12:14 PM
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#17
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,199
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Quote:
Originally Posted by kgtest
DS miraculously spilled a full glass of water on my laptop.
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Nothing miraculous about it.
I've spilled water, coffee, beer, even hot chocolate on my keyboard. It's not as hard as you might think!
__________________
I thought growing old would take longer.
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04-11-2018, 04:33 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,605
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Just bought Deluxe plus one state through Amazon ...easy, fast download (30 seconds) ...unpackaged in a minute ...updated (30 seconds) ... another minute to unpack ...all done.
Picked up copy of last year’s tax return on hard drive (2 seconds ...)
Now the icky part.
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