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January 10, 2025
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Can I use the free Turbo Tax if I have capital gains, dividends and interest. One reply I read said you need "Premier," and I know that is not true.

  • January 10, 2025
  • 1 reply
  • 0 views
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    Best answer by SteamTrain

    Capital gains?   NO...Online "Premium": would be required

     

    Dividends and interest?   Depends on how much  ($$) are being reported.

     

    See details: Free Tax Filing: File Federal & State Taxes with TurboTax® Free Edition

     

    _____________________________

    Desktop Deluxe can handle it all....just not "Online Free nor Online Deluxe.

    1 reply

    SteamTrain
    Employee
    January 10, 2025

    Capital gains?   NO...Online "Premium": would be required

     

    Dividends and interest?   Depends on how much  ($$) are being reported.

     

    See details: Free Tax Filing: File Federal & State Taxes with TurboTax® Free Edition

     

    _____________________________

    Desktop Deluxe can handle it all....just not "Online Free nor Online Deluxe.

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    January 10, 2025

    You say I need Premier but I have used Deluxe for over 20 years and reported Capital Gains.

     

    SteamTrain
    Employee
    January 10, 2025

    Online "Premium"  is required for Cap Gains on a 1099-B/form 8949. 

    But true, I'm not sure what is required if your only cap gains are in box 2a-thru-2f on a 1099-DIV form. 

    _________________________

    Desktop Deluxe is OK for all of it, just perhaps not Online Deluxe.

     

    Of course, if you insist on using the "Online" software this year, then start with "Deluxe", and start entering your data.  If you enter something that requires you to upgrade to Premium, you will be prompted to do so. 

     

    Such is software....Such is life.

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