I am interested in the Live Assisted program.
I have a couple of questions about it:
Q1. its price is $89-$219. so will the max cost be $219?
Q2. I am self-employed (Sole Proprietorship). I added a daily stock (equities only) trading "business" with an MTM account. Will I fall in the above price range?
Q3. I am a long-time Turbotax Home & Business desktop edition user. Can I continue to use the desktop edition or do I have to switch to the online version in order to use the Live Assisted program?
Q4. It seems the Live Assisted program hasn't started for the 2024 tax return yet. When will it be open for 2024 tax? Can I sign in to the program and pay partially to get things started? Because I am a first-year MTM day trader. I have both investment activities and trading activities. I need some advice on how to treat my positions before the year's end to avoid unrealized gain issues.
For example, I bought some TSLA stocks in my MTM account in March. Then I transferred them to my investment account without selling and buying actions. They are still staying there. Should I transfer them back to the MTM account and sell them there before the end of the year to avoid unrealized gain? or it should be fine to stay in the investment account because the MTM account doesn't hold them anymore, its 1099-B will not cover these TSLA stocks and when we count we can treat these stocks belong the investment account.
The Live program is being extended to desktop users this year. When that is announced, you can start consulting with a Live expert. They will go through your requirements and let you know whether the things you are looking for are in their scope of work. They will also give you a price quote of the work they will do and you can decide if you want to go ahead with the service.
Currently the assisted program is being offered only to TurboTax Advantage users for an additional $50. The prices you see online are for the online program with Live assistance.