Basic Turbotax

Forum|Forum|1 year ago
December 6, 2024
3 replies
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If I buy 2024 Basic Turbotax and that's all I need, but have oil royalties and will be required to report on schedule E. Will Basic let me enter on schedule E??

TurboTax Basic Windows

Best answer by DoninGA

The Basic desktop edition supports Schedule E. All the TurboTax desktop editions have the same forms, schedules and worksheets. You only get more help and guidance with the higher priced editions.

Go to this TurboTax website for the desktop editions forms supported - https://turbotax.intuit.com/personal-taxes/irs-forms/

VolvoGirl

Employee

Yes. You don’t get a state program with Basic and maybe can’t import from its Deductible in Basic. But All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.

DoninGAAnswer

Employee

The Basic desktop edition supports Schedule E. All the TurboTax desktop editions have the same forms, schedules and worksheets. You only get more help and guidance with the higher priced editions.

Go to this TurboTax website for the desktop editions forms supported - https://turbotax.intuit.com/personal-taxes/irs-forms/

VolvoGirl

Employee

Here’s a comparison. All the higher things are just recommended not required suggestions.

https://turbotax.intuit.com/personal-taxes/compare/desktop/