Basic Turbotax

[Trisha85]

If I buy 2024 Basic Turbotax and that's all I need, but have oil royalties and will be required to report on schedule E. Will Basic let me enter on schedule E??

[VolvoGirl]

Yes.  You don’t get a state program with Basic and maybe can’t import from its Deductible in Basic.  But All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

[DoninGA · Accepted solution]

The Basic desktop edition supports Schedule E.  All the TurboTax desktop editions have the same forms, schedules and worksheets.  You only get more help and guidance with the higher priced editions.

Go to this TurboTax website for the desktop editions forms supported - https://turbotax.intuit.com/personal-taxes/irs-forms/

[VolvoGirl]

Here’s a comparison.  All the higher things are just recommended not required suggestions.

https://turbotax.intuit.com/personal-taxes/compare/desktop/