TURBOTAX BUSINESS FILING FEE FOR FREE
TURBOTAX BUSINESS FILING FEE FREE

NOTE product scores are for TurboTax Premier. I went from TurboTax's calculated tax bill of nearly $10k to a tax return of about $10k. Result was a small taxable loss on the sale, and a significant deduction for the carryovers. This provided the significant taxable losses from the past to be reported. The program also prompted me to the Carry Forward of disallowed losses section. Had I stayed with TurboTax, the sale would have been about $9k taxable profitīought TaxAct Premier for about $100. TurboTax chat advised I clear my file and start over! I did this once but had the same problem. Each try added new assets with no connection to the rental property.Ĥ. I was unable to add those assets to the tax basis for the sale. These were installed over 2 different years new roof, new well, paved driveway.Ģ. Depreciation on improvements had occurred ONLY the year the asset was installed. We sold the rental last year, and found TurboTax Premier not up to the challenge of such a common transaction.ġ. I did find TT's ability to pull data from financial accounts to be inconsistent, requiring me to carefully review with plenty of data entry. I found the interface easy to use and liked the bringing data from the previous year into the next year's return. It appeared to competently handle my consulting engineering work, investments and a single family rental property. built up to a big let down, and too many complications and trying to sell their products! I'll be fine, but I don't think I will be using turbotax next year. I'm getting some back from the state too. 00 of income from a side job! How is that even possible? In the end I'm disappointed and confused. to 361.00 all because of one W2 for just over 2000. Suffice it to say I didn't end up using the educational expenses, but I didn't have much last year anyway. I had brought my 1098-T with me for educational expenses, but instead of asking for the info from that form they asked for a bunch of random information that I don't even think I have in my files at home. I was at my son's place to use his internet as I typically use my hot spot.

TURBOTAX BUSINESS FILING FEE FREE

They kept logging me off, then trying to get me to buy something other than the free version. Suffice it to say I was over the moon being in the early stages of being involved with a new business startup, I could really use that security. I wanted to have a general idea of what my refund would look like, so I very carefully entered the exact numbers in.

So be smart and don't let their confusing language shake your confidence while filing taxes! See positive reviewsįirst thing I would suggest is don't use their refund calculator! It's waaaaay off! My return was very simple. These goons got flamed by the IRS earlier this year (for doing exactly what Tax Act is doing) so they won't directly demand a fee at the end.

TURBOTAX BUSINESS FILING FEE FOR FREE

You will get your tax returns back for free at the very end don't let it fool you into choosing the option that charges you money. But when you come to the page where it asks if you'd rather take the 'free' option or the 'premium' whatever option for x amount of $, choose the free option even though it says 'Not Now'. Turbo Tax came through and did not scam me, I got everything back for free and for that I am thankful. Checked their reviews and many other people had the same thing happen to them. Hi everyone, I used Turbo Tax because Tax Act tried to scam me by saying I could get my returns for free (and I definitely was eligible for the free return because of my low income that year) but then tried to charge me $144 at the end.

Turbotax business filing fee