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rjb
New Member

For 2017 will the Deluxe CD handle limited partnership investment income through a stock brokerage?

My wife and I are retired.  We have a very small stock brokerage investment that includes just a few shares in a listed limited partnership.  But the tax forms seem very complicated and I'm wondering if the 2017 Deluxe CD will handle it.

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DianeW
Expert Alumni

For 2017 will the Deluxe CD handle limited partnership investment income through a stock brokerage?

Yes.  Since you indicate the investment is in a limited partnership the reporting document may be on a Form 1065 K1; or based on the structure it's possible it will come on Form 1099-INT or 1099-DIV.  Any one of these documents, if the earnings are interest, dividends or even capital gains or sale you can use TurboTax Deluxe CD.

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DianeW
Expert Alumni

For 2017 will the Deluxe CD handle limited partnership investment income through a stock brokerage?

Yes.  Since you indicate the investment is in a limited partnership the reporting document may be on a Form 1065 K1; or based on the structure it's possible it will come on Form 1099-INT or 1099-DIV.  Any one of these documents, if the earnings are interest, dividends or even capital gains or sale you can use TurboTax Deluxe CD.

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