Hi I bought and sold 2 stocks that netted me $47 in Short Term Capital gains. Turbotax wants me to upgrade to Premier because of this income. the cost is triple my earned

[awachowiak02]

Do i need to pay for premier to add income that is $47?

[LindseyLO]

Yes, you can upgrade if you need to. Assistance with doing so has been provided by clicking here.

[awachowiak02]

Hi thanks for the response. My question was more of a complaint. Why should I pay $140 for a service to take 2 minutes to enter in the information behind my $47 ST gain? Seems a little extreme. 

[Rick19744]

Keep in mind that you are dealing with computer software that has no idea of the amount of any other transactions that you may have.  The "offer" is there in case a taxpayer believes they need additional assistance with respect to capital transactions.  If someone wants it, fine, if not, fine as well.

[awachowiak02]

Hi thanks . Not really an offered support but rather a forced upcharge for form 1099. More so just the cost of doing business and learning for me. Nothing I can do and if I can delete this question I would. I understand their current software doesn’t know the amount but maybe in the future the $10B company can purchase sophisticated software to layer in a $ threshold that is recognizes the customers gains and has to meet or exceed the upcharge for the form for it to count. Have a good day and thanks for responding!

[SteamTrain]

@awachowiak02 

Unfortunately...any 1099-B/8949 transactions that need to be reported using the "Online" software?  That entry requires the use of  Premier even if you only broke even or lost money...(or the SE version, but that costs even more $$).   

I see your point about  layered approach...but I suspect it just isn't workable.   So I have 1000 day-trade transactions and made $10 total or maybe lost a few thousand?.....so I get to use the cheaper software with all the mess of forms taht might entail?   Where does one draw the line?

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Most of us with years of experience will only use the Desktop software...The "Desktop" software will do your stock transaction sales in any version...Though desktop Deluxe is really the recommended minimum, since "Basic" never has one free state software set, such that Deluxe with one state is always cheaper.