@MRDots wrote:
I'm not going to use TT online, but will download. You say if using TT online to use Premier. But what about downloaded TT? Can I use Deluxe to the sale of my house/home in one city and purchase of a house in another city (both in California)? Which allows me to enter what I need since I'll need to deal with cap gains?
Thank you, Michael
Yes, you can use the TurboTax Deluxe desktop software to report the sale of a home and it includes the forms and schedules for reporting capital gains, if required.
You do not report the purchase of a personal residence on a tax return. You can deduct as itemized deductions on Schedule A any property taxes paid, mortgage interest paid, mortgage insurance paid and points paid on the mortgage for the new home.
All the TurboTax desktop editions include the same forms, schedules and worksheets. The difference between the desktop editions is that there is more help and guidance with the editions above Deluxe.
