I am totally disappointed with TT. Every year they create so much distress in people using the software. I have been using the Deluxe version for the last 9 year and this will be the last year I bought the CD and I will switch to some other software provider from 2019 tax year.
Why should I create an account and store my information with intuit for downloading my 1099 when I buy your software at a cost and install it on my computer ????????
I fail to understand why I should share my private information with anyone else especially if I am using a paid software !!!
Adios TurboTax.
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No data is stored at TurboTax. The account requirement this year is *additional* security to protect your data.
When you import data from your brokerage, it is never a direct connection between your computer and the brokerage, it must pass through TurboTax servers as encrypted data. The brokerage is a partner with TurboTax, not you, for imports. When you import, you are doing it through TurboTax servers. It is always that way. In the past, the TurboTax server just passed the data from the brokerage to you. This year they introduced additional security so that instead of just passing data, they want to verify that it is actually *you* that is requesting the data. It is not to *get* your data (that must pass through the TurboTax server anyway) but to add extra *protection* to your data.
Because of news worthy hacking and public concerns about data security, many software companies are adding all kinds of additional security, two level login's with a code sent to your e-mail or text message to cell phone for verification.
Of course, you could avoid *any* connection with the TurboTax servers simply by manually entering the 1099 data.
This is not acceptable. I still don't understand why would I create an account in intuit? So yo want to track who is using your software ? It also says you can use the same information in Mint and other products ! Are you kidding … why would anyone expose themselves to so many vulnerabilities.
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