turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I was instructed to upgrade to Premier software because I had a small oil royalty income. I have used the Deluxe version for the last six years with no problems.

my question is why did I have to upgrade to the Premier version to input royalty income? I have used Deluxe the last several years.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I was instructed to upgrade to Premier software because I had a small oil royalty income. I have used the Deluxe version for the last six years with no problems.

The TurboTax online version will require you to upgrade to Premier at minimum to input royalties. That is because only Premier and Self-Employed online versions handle Schedule E, which is where those royalties are reported. 

But you can use the desktop version of Deluxe and input it there as well. The desktop version of Deluxe will handle Schedule E. You can find the desktop version here https://turbotax.intuit.com/personal-taxes/compare/desktop/

View solution in original post

1 Reply

I was instructed to upgrade to Premier software because I had a small oil royalty income. I have used the Deluxe version for the last six years with no problems.

The TurboTax online version will require you to upgrade to Premier at minimum to input royalties. That is because only Premier and Self-Employed online versions handle Schedule E, which is where those royalties are reported. 

But you can use the desktop version of Deluxe and input it there as well. The desktop version of Deluxe will handle Schedule E. You can find the desktop version here https://turbotax.intuit.com/personal-taxes/compare/desktop/

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies