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eytanalon
New Member

Does my wife need to upgrade to Turbotax Premier if we are filing separately and I sold investments that are in my name?

My wife has used the basic turbo tax software last year, before we were married.
4 Replies
robtm
Level 8

Does my wife need to upgrade to Turbotax Premier if we are filing separately and I sold investments that are in my name?

Since you are filing separately, and your wife meets the requirements, then she can file a Basic return. You however, will need to use the Premier version since you have sold investments.

eytanalon
New Member

Does my wife need to upgrade to Turbotax Premier if we are filing separately and I sold investments that are in my name?

The questions only ask “did you or your spouse sell any investments” etc. They don’t specify if it’s you or your spouse. When answered yes, they say an upgrade is required. How do we show it was only the spouse? 

robtm
Level 8

Does my wife need to upgrade to Turbotax Premier if we are filing separately and I sold investments that are in my name?

No, your wife can use any version she qualifies for If you are filing separately. Only you must use Premier version since you have sold investments.

VolvoGirl
Level 15

Does my wife need to upgrade to Turbotax Premier if we are filing separately and I sold investments that are in my name?

Are you filing a Joint return or as Married filing Separate?  It should not be asking you who sold anything.

 

Sounds like you are filing Joint.  Joint is one return combined for the both of you.  Please explain how you are filing.  You got married in 2020?

 

Here's some general info on getting married.  Did you both use Turbo Tax last year?

 

You can not transfer from or combine 2 returns or accounts.  Just pick the return for the spouse that has the most complicated return to enter or has any depreciation or business or  more investments.  Or use the account for whoever you want to be listed first going forward (by the way you can not change the order of the names).  Then add the other spouse's name, ssn and info to it.

 

You should usually  file a Joint return which is only 1 return combined for the both of you.  Make sure to stick with this one account for the future.  Just ignore the other spouse's account.

 

Getting Married FAQ

https://ttlc.intuit.com/community/tax-filing-status/help/what-does-getting-married-mean-for-my-taxes...

 

And info on Getting Married…..

http://turbotax.intuit.com/tax-tools/tax-tips/Family/Getting-Married/INF12006.html

 

Is it better to file Joint or Separately?

https://ttlc.intuit.com/questions/1894449-is-it-better-for-a-married-couple-to-file-jointly-or-separ...

 

Compare Joint to Married Filing Separately

https://ttlc.intuit.com/questions/2895312-how-can-we-compare-married-filing-jointly-with-married-fil...

 

 

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