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Level 1
posted Jan 17, 2020 10:36:33 AM

Which Version of TurboTax?

In previous years, we used the Home and Business Version of TurboTax because we had a home-based business.  However, we no longer have the home business now.  We do have:

  • pension income
  • social security
  • taxable interest and dividends from mutual funds, one of which is an International Index Fund. This particular fund typically declares an amount of Foreign Taxes Paid.  We want to be able to get at least partial credit for this (Form 1116, etc.)
  • Health Savings Account
  • Traditional IRAs, one of which is subject to a Required Minimum Distribution

We have no capital gains (or losses) to declare from the sale of stocks, bonds, real property, etc. For the past several years, we have taken the Standard Deduction and have not itemized deductions.  I expect this will continue to be the case for tax year 2019. I do my taxes online with a desktop computer with Windows.

What version of TurboTax will we be required too use?  Thanks, in advance. 

0 2 523
2 Replies
Level 15
Jan 17, 2020 10:46:40 AM

You should be fine with Deluxe -- if you need more help with the investment income you might want to upgrade to Premier, but that is optional.

Expert Alumni
Jan 17, 2020 4:00:19 PM

Deluxe will handle what you have listed. Here is a link so you can see all the forms for each product.