If I have mutual funds income to report, can I do that with TurboTax deluxe?

[drfalkn]

I know you recommend TT Premier, but can TT Deluxe be used to report mutual fund income and capital gains on Schedule D for tax year 2016, as in previous years?

[mesquitebean · Accepted solution]

Deluxe desktop version (CD/download) can prepare a Schedule D, but online Deluxe cannot.

The desktop version of Deluxe can handle all the usual Federal forms.   Online Deluxe, however, cannot prepare Sched. C,D,E,F, or enter K-1 info.

Be aware that desktop Deluxe comes in 2 versions--one that is Federal only and one that is combo Federal and State.  When purchased from TurboTax, it is the combo Fed and State version.  If purchased elsewhere, you have to be careful about which Deluxe you are buying.

[drfalkn]

Thanks for your quick response.

[mesquitebean]

You're welcome.  Good luck.