Let’s be realistic about this. Turbo Tax tries to get its product to the shelves by December for customers to buy it. This is a pretty good business plan. The problem is; there’s always some last minute change to the tax code. Last year, Congress changed the tax rules on December 17th.

Is it possible to buy the wrong Turbo Tax Program?

And there’s no excuse for buying the wrong one: go to their web site and do their quiz to determine which package is right for you. Problem 3: Not updating the program before you e-file. This isn’t a Turbo Tax problem so much as it is a user error.

What do you need to know about Turbo Tax?

Deluxe – for regular 1040 returns with home mortgage interest and charitable deductions Premier – which includes everything in Deluxe but also handles investment income and rental property Business – for persons filing corporations, partnerships and LLCs I cannot stress this enough, if you need the more expensive package, don’t be cheap – buy it.

Do you get unlimited help with TurboTax live?

Plus, you can get unlimited help and advice all year when you choose this filing option. The TurboTax Live option comes in several different levels, too, just like the regular TurboTax software. So their Basic, Deluxe, Premier, and Self-Employed versions can all be upgraded to live help for those versions.

Is it a Turbo Tax problem or user error?

This isn’t a Turbo Tax problem so much as it is a user error. You have to install the updates before you file your tax return or it could easily be wrong. Let’s be realistic about this. Turbo Tax tries to get its product to the shelves by December for customers to buy it. This is a pretty good business plan.

Is it worth it to use Turbo Tax?

Working on your own taxes can be frustrating no matter what software program you’re using. First, full disclosure: I love Turbo Tax. I used to tell people that I’d do TV commercials for it. I even seriously considered going to work for the company. I have worked for one of their competitors – and I still like Turbo Tax better.

Can you prepare a depreciation schedule with Turbo Tax?

Yes it does, if you buy the Premier edition. Of course I will gladly prepare a depreciation schedule for your property (for a fee), but if you don’t use the correct software when preparing your tax return, there could be other problems that you won’t realize like passive income limitations (sounds like I’m speaking Geek doesn’t it? I am.)