Turbotax Versions

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

Hi, Walt.

TurboTax Basic has always handled my capital gains and losses just fine.

ALL the basic (no pun intended) functionality to file a complete return is

TurboTax Basic has always handled my capital gains and losses just fine.

ALL the basic (no pun intended) functionality to file a complete return is in Basic. The other versions add mainly expanded Help files, plus official Publications (which are available free in many places, including online and direct from the IRS), and a few more "bells and whistles". The comparison checklist on the back of my 2007 Basic box says that Premier adds "Help for sales of stocks..." Note that the offer is for HELP for sales; Basic is all you need for actually reporting those sales.

If you have a business, you may need the Schedule C help provided in H&B, especially if it calculates depreciation; otherwise, I see no need for more than Basic for most of us. I see that the checklist now shows a "New" feature in Premier called BasisPro, which MIGHT help with basis problems like the one that long-term AT&T shareholders sometimes have. I've never seen this, so I can't comment on its usefulness.

The other extra-cost versions' "features" are mainly guidance, not required utility.

RC

Thanks for all the replies.

Frankly, I consider Intuit's web site to be misleading. In my opinion it has been maliciously crafted to mislead consumers into believing that TT Basic and Premier won't work for capital gains.

There's a difference between a sales pitch - this will work better for you - and a statement that "this won't work for you - you have to buy the more expensive version." I think Intuit's statement "Choose Deluxe if you don't sell stocks" is intended to mislead.

There is a class action suit in there for some enterprising attorney.

- Walt Bilofsky

"clay" wrote:

Hi, Walt.

Oh, yeah. State income tax. Texas doesn't have one. ;^}

If I lived in some other state, I probably would buy Deluxe.

RC

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

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

- Walt

"Bob" wrote: