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H
huichiuha
May 16, 2021
Question

How can I switch from the Premium to the Deluxe version of Turbo Tax?

  • May 16, 2021
  • 1 reply
  • 0 views
Does the 2020 Turbo Tax Deluxe product include the Schedule D?  I had one stock sale last year.

1 reply

A
AnnetteB6
May 16, 2021

TurboTax Deluxe Online does not support Schedule D to report a stock sale.  To report your stock sale you will need to use TurboTax Online Premium or higher or one of the CD/downloaded versions of TurboTax.

 

If the stock sale is not reported, the IRS will assume that the entire proceeds from the sale is taxable and you will receive a bill for unpaid taxes associated with that income.  

 

To answer your initial question about downgrading to a lower version of TurboTax, take a look at the following article:  

 

Can I downgrade to a lower-priced version of TurboTax Online?

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