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I purchased the Turbotax Premier online and filed both federal and state returns and both were accepted. As a result I did not include a land sale as investment income. I should have purchased Turbotax Premium for instructions on reporting land sales. I need to file an amended return for both federal and state, I guess. Can I get credit for the plurchase of Turbotax Premier with the purhase of Turbotax Premium, and is there a way to transfer the data from my Turbotax Premier returns into Turbotax Premium?
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Premier has investment sales. You don't need Premium. I don't understand the new versions. They seemed to have added Premium on another product page.
Thank you for your response. I also think that I would not need Turbotax Premium, the upgrade product. However, the investments tab under Wages & Income in the Premier edition does not allow one to input land sales data. Based on examples I've seen, the prompts for inputting land sales data are different for the 2019 tax year which is slightly different from the 2020 tax year. I haven't seen any examples for 2021 2022 tax years. I'm only interested in instructions on how to record land sales in 2022 for which I did not receive a 1099-B form. Also, I cannot find any instructions on how to upgrade to Turbotax Premium or the cost.
The names have made it pretty confusing for sure!
Premier is a software version that is used for investment taxes, including crypto, stocks, and rental property ($89--state additional)
https://turbotax.intuit.com/personal-taxes/online/premier.jsp
Premium Services is an add-on feature that allows users in California to pay their TurboTax fees by having the fees deducted from their federal refund. (extra $45 added to fees)
And recently TurboTaxPremium Online has appeared for "Self-Employment, stocks, bonds , ESPPs, crypto, and rental property income." ($119---state additional)
https://turbotax.intuit.com/personal-taxes/online/premium/
I frankly do not understand the differences between Premier and Premium--other than the pricing, and do not know how you upgrade to Premium if needed from within the software.
I suggest asking for help from customer support.
To call TurboTax customer support
https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number
Customer support is available from 5 a.m. to 9 p.m. Pacific time daily
If you are wanting to upgrade to a different version of TurboTax, you can do so by following the steps in this Help Article.
You may need to contact customer service directly for assistance. Please see the following information here for more details.
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