Yes, you can use the TurboTax Deluxe desktop software for your mutual fund reporting, your IRA and Schedule K-1.
All the TurboTax desktop editions include the same forms, schedules and worksheets.
Go to this TurboTax website for the desktop editions - https://turbotax.intuit.com/personal-taxes/online/live
Note - The early pricing for the desktop editions is available up through the end of February 2023. In March the price increases to standard pricing.
If you use the ONLINE program you MUST use the Premier or better. If you use the DOWNLOADED version then you can use ANY of them since they all handle everything ... use Basic if you don't need a state return or Deluxe or better if you do need a state return.
Here are the big differences between the two:
There are some tax situations that TurboTax Online does not cover. If you need to file corporate, partnership, and estate/trust returns you'll need to use the TurboTax CD/Download products.
We happen to like them both, but we recommend the TurboTax CD/Download software if you want to:
There are some situations that only the CD/Download software can handle, such as:
In accordance with IRS regulations, you can use the TurboTax software to e-file up to five (5) federal tax returns. You can prepare as many returns as you want, but only five can be e-filed.
For returns with multiple states, you can e-file up to three (3) states per federal return; the rest must be paper-filed (which probably isn't a big deal, as many nonresident state returns can't be e-filed anyway).
Our license agreement doesn't allow the use of TurboTax for commercial or professional tax preparation. If you need to e-file multiple returns and you are a professional tax preparer, take a look at our ProSeries or Lacerte software.
There are several considerations.
1) The desktop forms mode is mainly intended for trouble shooting and not direct form entry. In fact the license agreement specifically states that direct form entry and not using the interview mode will void the TurboTax accuracy guarantee since forms mode depends on the users expertise in knowing how to link various forms that the software does in the interview mode.
2) The desktop software is paid for in advance when the online is paid for when filing. If the forms were available prior to filing than anyone could simply copy the forms and mail then without ever paying for the use of the software. If fact you cannot even print the entire tax return online until you pay.
3) The desktop has additional features so as to keep the online product as simple as possible without confusing the average user. Most users of the desktop products are more sophisticated
computer users than the average online user.
4) All in all TurboTax marketing has determined that the more sophisticated tools would only be offered for the desktop products. In addition all versions of the desktop products have the same forms, the difference in the products is the detail and help in the interview while the online products have different forms depending on the version.
Yes, you can use the TurboTax Deluxe desktop software for your mutual fund reporting, your IRA and Schedule K-1.
All the TurboTax desktop editions include the same forms, schedules and worksheets.
Go to this TurboTax website for the desktop editions - https://turbotax.intuit.com/personal-taxes/online/live
Note - The early pricing for the desktop editions is available up through the end of February 2023. In March the price increases to standard pricing.
You can also purchase the CD/download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.
This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.
When you use desktop software, there is an additional fee to e-file a state return. You can avoid that fee if you print, sign and mail the state return. The state e-file fee is $19.99 and increases in March.