Premier is not just for rental property. It's for the sale of any kind of investment, or the sale of your home - anything that would be reported on Schedule D. If you don't need Premier, you can downgrade, but to do so you have to clear your tax return and start over. See the following FAQ for instructions.
Can I downgrade to a lower-priced version of TurboTax Online?
Yes, you can download to a previous version. You must use the clear and start over feature. However, you will be required to restart your return.
In TurboTax Online, you can erase your return and start from scratch as long as you haven't submitted payment, deducted the TurboTax fee from your refund, or registered.
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