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tcook200
New Member

I have w2 income and 10 K1's , does Turbo tax do a good job with a return like mine ?

 
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2 Replies

I have w2 income and 10 K1's , does Turbo tax do a good job with a return like mine ?

SOME entries from he K-1 forms MAY need to have direct form entries in the forms mode so a downloaded program may be needed.   You can use ANY of the downloaded programs (Basic if you don't need a state return and Deluxe or better if you do)  but you would need at least the Premier version or better if you use the online program.  You can start in the online if you wish and switch to the downloaded version if needed. 

 

Now if you wait until the IRS FREE FILE opens in mid to late January and your income is below the max allowed ( last year it was $73K ) then you can file for free ...    https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

ONLINE 

Available early December: 

https://turbotax.intuit.com/personal-taxes/online/

 

 

CD/DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)

Available now ...

https://turbotax.intuit.com/personal-taxes/cd-download/

 

You can also purchase the CD/download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.

 

This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.

               

When you use desktop software, there is an additional fee to e-file a state return.  You can avoid that fee if you print, sign and mail the state return.  The state e-file fee is $19.99 and increases in March.

 

 

 

 

I have w2 income and 10 K1's , does Turbo tax do a good job with a return like mine ?

even the desktop versions have step-by-step mode to make it easier to enter k-1 data. but whether online or desktop you have to understand what's on the k-1 to enter it properly. this is true of all do-it-yourself apps. 

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