@ brucetdunlap wrote:
About 3 years ago, turbotax required you to use the premier version for capital gains. A lot of people bought the deluxe version assuming that they could use that to do capital gains and were irate. Turbotax allowed them to upgrade to Premier with no additional charge that first year. However since then you need the Premier version.
Some of that is not correct, as I'll explain below. Currently it is only the Online version that has to have Premier or higher to report capital gains/losses on Schedule D. Desktop Deluxe is fully-featured.
TurboTax DID experiment with the desktop Deluxe a few years ago and restricted Schedule D (capital gains/losses) to Premier or higher. But the outrage was so great that it only lasted a few weeks before Corporate caved in the middle of tax-filing season. They had to put out new product patch in mid-tax season which reverted Deluxe to the full-featured product. Meanwhile others were allowed to upgrade to Premier. But that fiasco was for one tax season only.
For the last few years, Deluxe has again been able to handle Schedule D (capital gains/losses) and all other Federal forms and schedules that Premier can.
