Desktop Version of TurboTax:
The TurboTax End User License Agreement (EULA) for the Basic, Deluxe, Premier, and Home & Business CD/Download versions allows you to install TurboTax on all computers owned by you. You may use your TurboTax software to prepare tax returns for you and your immediate family.
In accordance with IRS guidelines, TurboTax allows you to prepare and electronically file up to five federal (that is an IRS rule not TurboTax) and related state tax returns. Additional returns must be filed on paper and Mailed.
I see that you can do up to five federal returns with the CD software. How many state returns can be filed? Five?
Five state returns can be e-filed. Once the 5 e-files have been used then any other tax return, federal and state, have to be printed and mailed.
Using desktop software you get up to five federal e-files. You can actually prepare more than five, but the additional ones have to be printed, signed and mailed. You also get the software to prepare returns for one specific state. There is a fee to e-file a state return ($19.99 and mid-season it goes up to $24.99) --you can avoid the state e-file fee by printing, signing and mailing in the state returns. There is not a limit to how many state returns you can prepare for the one state you have the software for--but information flows from the federal return to the the state. You cannot prepare "stand alone" state returns.
If you need to prepare a return for a different state, you have to purchase the additional state software.
It says 1 per ID, does that mean I can't do myself and 2 other family members on the downloaded version ?
You can create, complete and file as many tax returns you want using the CD/Download desktop editions. The software is only licensed to the purchaser of the software. You can only be install the software on computers that you own.
Early bird discounts are over so now state e-filing for desktop software is $24.99. You can avoid that if you print sign and mail the state instead of e-filing the state.
I verified the first answer in this thread by reading the EULA but don't find that you can prepare returns for "family". Where does it state that?
You can complete and file tax returns using the TurboTax software for anyone, it is not limited to family. However, you cannot use the software if you are being paid to prepare the tax returns as the software is not licensed for paid tax preparers.
Could I sell my computer to my father for $1, use his TT software on it, prepare the return myself, have him proof it and sign it as preparer then submit it electronically, then buy the computer back from him for $1?
He likely won't go for this way of "cheating" but would it satisfy the EULA?
That sounds silly and unnecessary. Further--when you use TurboTax no one signs as the "preparer"-the return is Self-Prepared. Paid preparers are not allowed to use TurboTax or sign a return as such on a return prepared using TT.