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New Member
posted Jan 14, 2021 1:24:14 AM

I bought and sold stocks but i dont have enough dedictions to itemize. Which turbo tax should i use

I also took a cares act withdrawal from my 401k and collected unemployment

0 2 1102
2 Replies
Expert Alumni
Jan 14, 2021 4:40:18 PM

Since you have stock sales to report, you will have to use the Premier version of TurboTax Online.   If you use TurboTax Desktop, you could use Basic or Deluxe, but you won't get any step by step program help with your stock sales unless you use Premier.

Level 15
Jan 14, 2021 5:40:26 PM

If you qualify  AND   if you wait until mid January  THEN you can use one of  the 10 IRS FREE FILE options to file a fed & state return for free ... but you must be patient.    https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

IRS Free File: Closed until January 2021

 

IRS Free File is closed for the 2020 tax season. Check back in January for Filing Season 2021 opening details.

For Filing Season 2021, you must make $72,000 or below to use one of the 10  IRS Free File partner offers.