I had reason to use both the Desktop version and Online version of TurboTax which exposed a major bug in the EasyGuide functionality of the online version when entering home sales data. As you can see in the attached screenshots from both versions, the online version omits the depreciation realized as a rental property that was entered in the easy guide steps. This makes a huge difference in the taxes owed. I wish the online version of results were true, but unfortunately they would leave me liable to IRS audit, penalties, and interest.
For context, I have sold a primary residence that was used for as a rental property for 10 years prior to moving into it for 3 years. The amount of depreciation is a major factor in my tax liability. I don't think this is going to be a common scenario for must users, but could have been a major issue if I trusted the TurboTax Live's results.
My work around is to use the desktop version but this is a heads-up to those of you that are using the online version.
