My wife and I just purchased our first home in December of 2017. Which Turbo Tax Edition should we use?

[Vanessa · Accepted solution]

This depends.  If you only have regular W-2 income, no investments and no other itemized expenses (property taxes, medical expenses in excess of 7.5% of your AGI, job-expenses in excess of 2% of your AGI, charitable donations, etc) that will exceed $12,700, you may be able to stick with the free edition. If you do have other deductions as listed, then you will need to use TurboTax Deluxe to itemize your return. 

The home purchase itself is not deductible (only the interest, points and mortgage insurance paid are deductible) it is very likely that you would not see a tax benefit from purchasing your home that late in the year.