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Level 2
posted Jan 10, 2025 4:51:57 AM

Can I use the free Turbo Tax if I have capital gains, dividends and interest. One reply I read said you need "Premier," and I know that is not true.

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1 Best answer
Level 15
Jan 10, 2025 6:11:25 AM

Capital gains?   NO...Online "Premium": would be required

 

Dividends and interest?   Depends on how much  ($$) are being reported.

 

See details: Free Tax Filing: File Federal & State Taxes with TurboTax® Free Edition

 

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Desktop Deluxe can handle it all....just not "Online Free nor Online Deluxe.

3 Replies
Level 15
Jan 10, 2025 6:11:25 AM

Capital gains?   NO...Online "Premium": would be required

 

Dividends and interest?   Depends on how much  ($$) are being reported.

 

See details: Free Tax Filing: File Federal & State Taxes with TurboTax® Free Edition

 

_____________________________

Desktop Deluxe can handle it all....just not "Online Free nor Online Deluxe.

Level 2
Jan 10, 2025 6:15:48 AM

You say I need Premier but I have used Deluxe for over 20 years and reported Capital Gains.

 

Level 15
Jan 10, 2025 6:24:40 AM

Online "Premium"  is required for Cap Gains on a 1099-B/form 8949. 

But true, I'm not sure what is required if your only cap gains are in box 2a-thru-2f on a 1099-DIV form. 

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Desktop Deluxe is OK for all of it, just perhaps not Online Deluxe.

 

Of course, if you insist on using the "Online" software this year, then start with "Deluxe", and start entering your data.  If you enter something that requires you to upgrade to Premium, you will be prompted to do so. 

 

Such is software....Such is life.