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kelley0419
New Member

For 2016, I have severance pay, unemployment, and sole proprietorship. What Turbo Tax program do I need?

"For 2016, I have severance pay, unemployment, and sole proprietorship. What Turbo Tax program do I need?"
1 Best answer

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Critter
Level 15

For 2016, I have severance pay, unemployment, and sole proprietorship. What Turbo Tax program do I need?

Any of the downloaded/CD versions will work but if you use the ONLINE version you will need the Self Employed version which will come online some time in December.

 

The 2017 Desktop software (CD/Download) can be purchased from TurboTax at the following link :

https://turbotax.intuit.com/personal-taxes/cd-download/

For 2017, all the downloaded programs will handle all tax forms.

Basic doesn’t include a state program (it is an extra cost) however the Deluxe version or better does include one state program.

You can complete an unlimited number of returns however you can only efile up to 5 federal returns for free and there is an extra cost to efile each state return (but mailing them is free).

--------------------

The 2017 Online version (which will be operational sometime in December ) can be purchased here:

https://turbotax.intuit.com/personal-taxes/online/

Make sure to purchase the correct program since the Online program has limitations. Here is a short list of some common tax situations and the online products that now uniquely support them:

·         Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self-Employed

·         Capital Gains or Losses (Schedule D) - Premier and Self-Employed

·         Rental Income (Schedule E) and all K-1s - Premier and Self-Employed

·         Net Profit from Business (Schedule C-EZ) - Deluxe, Premier, and  Self-Employed

·         Profit or Loss from Business (Schedule C) - Self-Employed

The online program only completes one return per user ID and the state program is an added cost however you can efile the federal and state returns for free.


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1 Reply
Critter
Level 15

For 2016, I have severance pay, unemployment, and sole proprietorship. What Turbo Tax program do I need?

Any of the downloaded/CD versions will work but if you use the ONLINE version you will need the Self Employed version which will come online some time in December.

 

The 2017 Desktop software (CD/Download) can be purchased from TurboTax at the following link :

https://turbotax.intuit.com/personal-taxes/cd-download/

For 2017, all the downloaded programs will handle all tax forms.

Basic doesn’t include a state program (it is an extra cost) however the Deluxe version or better does include one state program.

You can complete an unlimited number of returns however you can only efile up to 5 federal returns for free and there is an extra cost to efile each state return (but mailing them is free).

--------------------

The 2017 Online version (which will be operational sometime in December ) can be purchased here:

https://turbotax.intuit.com/personal-taxes/online/

Make sure to purchase the correct program since the Online program has limitations. Here is a short list of some common tax situations and the online products that now uniquely support them:

·         Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self-Employed

·         Capital Gains or Losses (Schedule D) - Premier and Self-Employed

·         Rental Income (Schedule E) and all K-1s - Premier and Self-Employed

·         Net Profit from Business (Schedule C-EZ) - Deluxe, Premier, and  Self-Employed

·         Profit or Loss from Business (Schedule C) - Self-Employed

The online program only completes one return per user ID and the state program is an added cost however you can efile the federal and state returns for free.


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