Can you use TurboTax Deluxe stocks?

August 2024 ยท 2 minute read

Yes, the Deluxe CD version can handle stock sales and will import your investments. However, TurboTax Premier CD version offers additional help for customers with investment income.Click to see full answer. Also to know is, can I use TurboTax Deluxe if I have capital gains?Yes, the desktop version of 2018 Deluxe (CD/download) can handle all the usual Federal forms, including Schedule D, Form 8949, and other investment forms to report capital gains/losses. It is the ONLINE version of Deluxe that has form limitations and cannot handle a Schedule D and investment gains/losses.Additionally, which TurboTax do I need if I have investment income? If you have just interest and dividends (Schedule B) you can use any version of TurboTax. However, if you have capital gains/losses reported on a brokerage statement, requiring a Schedule D, you need TurboTax Premier (Online) or any version of TurboTax CD/Download. Also Know, what does Turbo Tax Deluxe include? TurboTax Self-Employed It includes everything in the Premier version, plus Schedule C, and you deduct business income and expenses. Deluxe also gives you access to Schedule C without the option to deduct expenses.Do I need TurboTax Premier if I have investments?It includes many tax forms, but not Schedule D. Turbotax recommends the Premier Edition, which has all the features of Deluxe plus more tools to deal with investments and rental property, to people who have stocks and bonds or rental income. Intuit recommends TurboTax Home & Business for the self-employed.

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