Here
is the new info about 2015 products and the differences you need to be aware of
between the Online and desktop (CD/download) versions…. http://blog.turbotax.intuit.com/uncategorized/turbotax-restores-popular-forms-to-desktop-software-2-...
In
the desktop products for 2015 (CD/download), all
of the editions can handle all the forms as they did prior to 2014. The
limitations of the 2014 product have been removed. The desktop editions all handle the same forms,
but the differences are mainly due to the amount of help and
guidance. Basic Edition does not have a state program included, and
Deluxe can come either with or without a State program (if purchased from
TurboTax, it has a state program). Deluxe or higher is required to
import from ItsDeductible.
The 2015
Desktop software (CD/Download) can be purchased from TurboTax at the
following link :
https://turbotax.intuit.com/personal-taxes/cd-download/
Basic
doesn’t include a state program (it is an extra cost) however the Deluxe
version or better does include one state program.
You
can efile up to 5 federal returns for free however there is an extra cost to
efile each state return (mailing them is free).
In
the Online editions, however, form limitations still exist. Online Premier or higher is required for
Schedule D and E and for reporting K-1's. In the online version, Home and
Business is required for Schedule C or F.
The 2015
Online version can be purchased here:
https://turbotax.intuit.com/personal-taxes/online/
Make
sure to purchase the correct program since the Online program has
limitations. Here is a short list of some common tax situations and the
online products that now uniquely support them:
·
Itemized Deductions (Schedule A/1040)- Deluxe, Premier,
and Home & Business
·
Capital Gains or Losses (Schedule D) - Premier and Home & Business
·
Rental Income (Schedule E) - Premier and Home & Business
·
Net Profit from Business (Schedule C-EZ) - Deluxe, Premier,
and Home & Business
·
Profit or Loss from Business (Schedule C) - Home & Business
The
online program only completes one return per user ID and the state program is
an added cost however you can efile the federal and state returns for free.
