in Education
You'll need to sign in or create an account to connect with an expert.
Yes, you can still use TurboTax to prepare your tax return now that you are a first time home owner. TurboTax will guide you through questions, so that you can be sure you have entered all your allowed deductions.
The deductions that will be associated with your new home appear on the itemized deduction schedule (Schedule A), so you may need the Deluxe version of TurboTax if your itemized deductions exceed the standard deduction. Don't worry, TurboTax will tell you which deduction, itemized or standard, to take based on how you answer TurboTax's questions.
Click here for a link to the TurboTax Deluxe ordering page. If you have already started your tax return in the free edition, you can continue in that edition, and if you need to upgrade to Deluxe, TurboTax will prompt you.
Since this is the first time you have prepared your taxes with your new home, you may want to consider the TurboTax Live. See below for details.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
robca2010
Level 2
in Education
TopMen
Level 2
user17732800192
New Member
hntrust
Level 4
vsls0224
New Member