turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

maryloe
New Member

I have oil royalty income. Which version of turbotax do I need?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PaulaM
Employee Tax Expert

I have oil royalty income. Which version of turbotax do I need?

Oil & Gas royalty income is reported on Sch. E. You can use TurboTax online versions Premier or above. Or you can use TurboTax CD/Download any version.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
PaulaM
Employee Tax Expert

I have oil royalty income. Which version of turbotax do I need?

Oil & Gas royalty income is reported on Sch. E. You can use TurboTax online versions Premier or above. Or you can use TurboTax CD/Download any version.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have oil royalty income. Which version of turbotax do I need?

I am not clear on this answer 

OR you can use any download for a schedule C

What does the premier version offer that the deluxe does not add it relates to oil and had royalties?

I have oil royalty income. Which version of turbotax do I need?

@srcelmer The post above was from 6 years ago.  Using the TurboTax online editions there is no longer a Premier edition.

The 2024 TurboTax online editions have a Premium edition which supports Schedule C.

https://turbotax.intuit.com/personal-taxes/online/premium/

 

The 2024 TurboTax desktop download editions all support Schedule C - https://turbotax.intuit.com/personal-taxes/cd-download/

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question