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June 5, 2019
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I have oil royalty income. Which version of turbotax do I need?

  • June 5, 2019
  • 1 reply
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    Best answer by PaulaM

    Oil & Gas royalty income is reported on Sch. E. You can use TurboTax online versions Premier or above. Or you can use TurboTax CD/Download any version.

    1 reply

    PaulaMAnswer
    Employee
    June 5, 2019

    Oil & Gas royalty income is reported on Sch. E. You can use TurboTax online versions Premier or above. Or you can use TurboTax CD/Download any version.

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    April 1, 2025

    I am not clear on this answer 

    OR you can use any download for a schedule C

    What does the premier version offer that the deluxe does not add it relates to oil and had royalties?

    DoninGA
    Employee
    April 1, 2025

    @srcelmer The post above was from 6 years ago.  Using the TurboTax online editions there is no longer a Premier edition.

    The 2024 TurboTax online editions have a Premium edition which supports Schedule C.

    https://turbotax.intuit.com/personal-taxes/online/premium/

     

    The 2024 TurboTax desktop download editions all support Schedule C - https://turbotax.intuit.com/personal-taxes/cd-download/