I have been a TurboTax Premier desktop user and am looking at moving to TurboTax online. Does it have the functionality to correctly deal with investment and rental income and passive losses?
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Yes you will need to use the Online Premium version for rentals and investments. Are you switching from Windows 10 to Online? If you want to test out the Online version......
When 2025 Online opens in November or early December you can transfer from your 2024 return. Or if you want to test Online now you could transfer from your 2023 return and enter all your 2024 info again manually and see if it matches your Desktop return. That’s what I would do to test it.
If you used the Desktop program for 2024 here’s How to transfer into the Online version, expand the blue link if you used the CD/download last year
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/transfer-last-y...
And see How to switch and transfer from the Desktop program into the Online version........
https://ttlc.intuit.com/community/tax-topics/help/how-do-i-switch-from-turbotax-cd-download-to-turbo...
If you used the Desktop program before you may not like the online version. It has less features and no Forms Mode. And you will have to pay first to see all the forms. All the Online versions do not have the same forms so you may need to upgrade to a higher version. You can only do 1 return per account. And pay for each account. You can use the same email for 5 accounts.
Your return is only saved online so be sure to save both the .tax2024 data file and the pdf file to your computer when you are done. In case you need to amend in the future or if you need a copy to get a loan or something. You might not be able to access your online return when you need a copy.
Thanks...this is very helpful
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