Schedule D and TurboTax Deluxe 2020

47 replies
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For the past several years, the TurboTax site says that we need to buy Premier to file schedule D capital gains and losses. Each year, I've bought TT Deluxe and filed cap. gains and losses successfully using the desktop version.

There is confusion each year about this. Before I purchase Deluxe again this year, I want to be sure that 2020 Deluxe works the same as 2019 and 2018 Deluxe in terms of handling schedule D and cap. gains and losses.

Anonymous_Answer

Level 15

The answer to your question is "Yes". There is a rather marked difference between the desktop and the online versions of TurboTax.

TurboTax Premier and Home & Business merely provide "Additional Help" (see screenshot) with respect to investment sales, etc.

Anonymous_Answer

Level 15

The answer to your question is "Yes". There is a rather marked difference between the desktop and the online versions of TurboTax.

TurboTax Premier and Home & Business merely provide "Additional Help" (see screenshot) with respect to investment sales, etc.

Critter-3

Level 15

Yes ... look at the actual word they use ... on the downloaded program the Premier is RECOMMENDED but it is NOT required ... can we say "upcharge" opportunity by marketing department ???

starbase1999Author

Level 4

Thanks for the replies. I feel more confident in purchasing 2020 Deluxe again this year.

I wrote a comment on Amazon last year about 2019 Deluxe after I bought it, letting everyone know that Capital D is enterable on Deluxe. I also said then and I say again now, Intuit should put back the form grid basically saying which form is enterable in which version of TurboTax. That’s the way it used to be about 5 years ago.

dICK5216

Level 2

Turbo Tax is getting worse. As of 12/26 at 12:49 PM EST Form 1040 is still not ready. At least that is the message I am getting. Also in one place it says Schedule D is not ready but the initial log in does not say it is not ready like the form 1040 above.

What is going on?????????

macuser_22

Alumni - Champ

@dICK5216 wrote:

Turbo Tax is getting worse. As of 12/26 at 12:49 PM EST Form 1040 is still not ready. At least that is the message I am getting. Also in one place it says Schedule D is not ready but the initial log in does not say it is not ready like the form 1040 above.

What is going on?????????

See the form available list posted above. The 1040 is scheduled for the Jan 7 update.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

harliyana1

Level 2

Hello,

I need help filling out a schedule D form

Critter-3

Level 15

Entering the sales reported on the 1099-B from the broker will populate the form 8949 & the Sch D automatically ...

Here's where you enter or import your 1099-B in TurboTax:

Open (continue) your return if it isn't already open.
In TurboTax, search for 1099-B and then select the Jump to link in the search results.
Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?

If you see Here's the info we have for these investment sales, select Add More Sales.

Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself).
Follow the instructions.