Filing 2022 taxes

Forum|Forum|3 years ago
March 28, 2023
11 replies
76 views

I'm trying to decide whether I will need the $119 TurboTax package in order to help me file my 2022 taxes. I just have one job, and do not own/rent any property and have no dependents. However, I do have a taxable brokerage account and have bought stocks throughout the year. I haven't sold any stocks. Do I still need the $119 Turbotax package, or can I go with the free-file Turbotax option?

As a side note, does selling any stocks matter/make a difference between the free-file option and the $119 option?

Thank you for your help in advance!

DoninGA

Level 15

Yes, selling stocks would require you to use the Premier online edition at $89. If you have not sold any stocks in 2022 then you do not need the Premier online edition.

If the only income that you will be reporting on a 2022 tax return is from a W-2 then you can use the Free online edition.

melissaforpeace315Author

Level 5

@DoninGA thank you! Is it this one? https://turbotax.intuit.com/personal-taxes/online/premier.jsp

just to make sure, every year I need to pay the $89 to file my taxes right? or is there something I can download with a flat fee and use/re-use it every year?

VolvoGirl

Level 15

@melissaforpeace315 Sorry you have to buy a new program or version each year. Maybe some years you can use a lower version if you don't have investment income. Or buy the Desktop CD/Download program. Deluxe has everything Online Premier has.

JohnH1

Level 5

If you have a computer you can use TT Deluxe. I don't know why you would need to pay more for a simple transaction like that. It's a ripoff. I have a brokerage account and a business and I always use TT Deluxe.

melissaforpeace315Author

Level 5

Thank you! Is it this one? https://turbotax.intuit.com/personal-taxes/online/deluxe.jsp

DoninGA

Level 15

@melissaforpeace315 wrote:

Thank you! Is it this one? https://turbotax.intuit.com/personal-taxes/online/deluxe.jsp

No, that is the Deluxe online edition and it does not support investment sales.

The Deluxe edition described by @JohnH1 is the desktop CD/Download edition that is software installed on a personal computer using either Windows or a Mac operating system.

The Deluxe desktop edition also includes one free state program download. However, there is a state e-file fee where using the online editions there are no e-file fees, federal or state. But using the online editions there is an additional charge for the state program.

Go to this website for the Deluxe desktop CD/Download edition - https://turbotax.intuit.com/personal-taxes/cd-download/deluxe.jsp

VolvoGirl

Level 15

@melissaforpeace315 Where did you see $119 version? The Online Self Employed version is $119. But you only need Premier for $89. Well state is an extra $59. Or you can buy a lower Desktop version like Deluxe. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. And Desktop has more features than the Online version.