DawnC
Expert Alumni

Get your taxes done using TurboTax

You really only need the desktop software if you need to take a home office deduction - See this help article, and use the instructions for the MADE the ELECTION option.  That article has been updated since last year, so be sure to review it.  

 

#1 - Yes, your activity should be reported on Form 4797 if you have made the election.  

#2 - Yes - you can use Premier desktop to report your activity - and you can use Premier for the home office deduction (you can't do it with TurboTax Online, but any desktop product will work for you)

#3 - Desktop Premier is sufficient

#4 - I do not have examples, but I thought you mentioned you used Form 4797 last year - If so, you can refer to last year's return or search the Community.

#5 - Yes, you can file an extension now and file before 10/15.  E-filing for 2024 ends in Oct and Form 3115 can't be e-filed with TurboTax.  See Forms Availability

 

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