TurboTax
Premier Tax Software from Intuit is the next higher version to the TurboTax Deluxe in the family of Turbo T ax software suite. This Tax Software version is specially designed with features suitable for tax preparation requirements of individuals who need to report investment transactions and rental properties.
Who should Use it ?
You may benefit from using the
TurboTax
Premier Tax Software as it contain special guidences for
Taxpayers who sold stocks, bonds, mutual funds, or options for an employee stock plan may benefit from using the
TurboTax
Premier Tax Software as it contain special guidences for filing correctly all the required tax forms and take advantage of all deductions.
The investment transactions like buying or selling investments like stocks, bonds, mutual funds, or options during the tax year, or owning rental properties need to reported to IRS. IRS is getting ever more aggressive in ensuring proper and accurate reporting of investment cost basis. TurboTax
automatically determines the correct basis for selling shares purchased at different times or different prices. TurboTax Premier Version allows you to figure out the cost basis of investments in three easy steps.
TurboTax
Premier promises to maximize rental deductions. The software is capable of finding money-saving rental property tax deductions, identify and suggest the best rental depreciation method to use to maximize the tax deduction. Those landlords who own mortgage or those who refinanced their mortgage will appreciate the step by step guidance provided in deducting points, expensing the appraisal fees, recording other financing costs. If you acquired new rental properties, it can be setup easily.
All versions of TurboTax
online will automatically transfer previous year's tax data to current year and this saves time. The software comes with various checks, alerts, and step by step guidance in all phases of tax preparation from data entry to final e-filing. This will minimize the chance of missing any valuable tax deduction and claim all available tax credits to maximize the tax refund.