topic I got married, sold a home, and moved to a foreign country in 2016. What would be the best product to use to prepare my tax return? in Deductions & credits

I got married, sold a home, and moved to a foreign country in 2016. What would be the best product to use to prepare my tax return?

jonathanheberlig — Thu, 06 Jun 2019 13:39:57 GMT

The 2016 Desktop software (CD/Download) can be purchased...

Critter — Thu, 06 Jun 2019 13:39:59 GMT

The 2016 Desktop software (CD/Download) can be purchased from TurboTax at the following link :

https://turbotax.intuit.com/personal-taxes/cd-download/

For 2016, all the downloaded programs will handle all tax forms.

Basic doesn’t include a state program (it is an extra cost) however the Deluxe version or better does include one state program.

You can complete an unlimited number of returns however you can only efile up to 5 federal returns for free and there is an extra cost to efile each state return (but mailing them is free).

--------------------

The 2016 Online version can be purchased here:

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

Make sure to purchase the correct program since the Online program has limitations. Here is a short list of some common tax situations and the online products that now uniquely support them:

· Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Home & Business (now called Self-Employed)

· Capital Gains or Losses (Schedule D) - Premier and Home & Business (now called Self-Employed)

· Rental Income (Schedule E) and all K-1s - Premier and Home & Business (now called Self-Employed)

· Net Profit from Business (Schedule C-EZ) - Deluxe, Premier, and Home & Business (now called Self-Employed)

· Profit or Loss from Business (Schedule C) - Home & Business (now called Self-Employed)

The online program only completes one return per user ID and the state program is an added cost however you can efile the federal and state returns for free.

This isn't super helpful. Which Turbo Tax product do I n...

jonathanheberlig — Thu, 06 Jun 2019 13:40:01 GMT

This isn't super helpful. Which Turbo Tax product do I need to buy to ensure I can adequately prepare my return? Premier? Or is Deluxe sufficient?

Again ... if you use the downloaded version ANY of them w...

Critter — Thu, 06 Jun 2019 13:40:02 GMT

Again ... if you use the downloaded version ANY of them will work ... the higher the version the more "help/hand holding" is included. You can always start with the BASIC and if you want to upgrade you can as you go.

If you want to use the online version it would depend on what your return will include ... If the personal residence sale is not taxable & you are not excluding any foreign income then you can use the FREE version. If you need to exclude foreign income you will need at least the Deluxe. You can start with the FREE version and if you need to upgrade you can at that time.