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Forum|Forum|7 years ago
June 3, 2019
9 replies
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TurboTax Free Edition Online

DoninGA

Level 15

The TurboTax online Free edition is used for fairly simple tax return and supports IRS Forms 1040EZ and 1040A.

A tax return with stock sales would not be able to use the Free edition since to report those sales you need the full Form 1040, Schedule D and Form 8949. In tax year 2017 you would need to use the Premier or Self-Employed online editions to report the stock sales. The assumption is that this will also continue for tax year 2018.

Or you could use any of the TurboTax desktop CD/Download editions since all the desktop editions support stock sales.

danielmsh3Author

Level 2

CD/Download with Basic version also can use for stock sales?
If i buy CD/Downlaod version can I use forever or do I need to buy every year to file tax?

DoninGA

Level 15

The Basic desktop CD/Download edition supports stock sales.
Each tax year is a separate program so you would need to purchase the software each tax year.

danielmsh3Author

Level 2

Thank you so much!

Critter

Level 15

The Basic does not come with a state program ... so if you have to file a state return get the Deluxe.

SteamTrain

Level 15

but.....BASIC does not include one free state download..so if you need a state tax return, and are buying desktop....get Deluxe.

(be careful if buying from anyone else though....some Deluxe's do not include a free state download)
________________
None of the online software versions have a free state included.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

DoninGA

Level 15

Note that the Basic edition does Not come with a free state download. If you need a state tax return then you should purchase the Deluxe edition which includes a free state program in the purchase price.

VolvoGirl

Level 15

You have to buy a new program each year. The CD or download is only for 1 year.

Anonymous

you do not have to buy through intuit. Amazon, Costco and other reliable sources may offer the same version at a cheaper price. beware of some websites, what they offer and what you get may not be the same. and may even be unusable