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Level 2
posted Jan 27, 2023 11:21:25 AM

Turbotax Premier vs Deluxe

I am working on my 2022 federal return via Turbotax Deluxe. I have added two investment brokerage accounts to my IRS task this year and when I arrive at 1099B entry, I get a prompt about upgrading to Premier. I am considering it because a lot of the investment accounts reporting stuff is quite new to me and I have lots of reservations about things like wash sale accounting, section 199A dividends, non-dividend distributions, foreign tax paid, etc. My question is will Premier help to simplify my life significantly?

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3 Replies
Level 15
Jan 27, 2023 11:30:17 AM

Are you using the Online Deluxe version or the Desktop program?  If you are in the Online version you have to upgrade to Premier to enter investments.  

 

For the Desktop program, all the Desktop programs have the same forms, you just get more help in the higher versions.  It is recommended to use Premier but not required.  

Level 2
Jan 27, 2023 11:59:49 AM

I am using the desktop Deluxe version.

Level 2
Jan 27, 2023 12:00:58 PM

Thanks.