|
TurboTax And Stock Options TurboTax software does a great job making filing taxes easy. TurboTax Deluxe will handle form 1040 as well as schedule A deductions including investment income. Oddly TurboTax Deluxe does not handle stock options which are fairly common nowadays. Those to need to claim taxable income from NQ or ISO stock options will need to use TurboTax Premier which can handle form 1040,schedule A and stock option income. As a bonus TurboTax Premier also does a great job with Schedule C income from a small business. |
|
|
|
|
|
TurboTax Requires TurboTax Premier For Stock Options Starting in the tax year 2004 TurboTax changed from offering stock option features in TurboTax Deluxe to requiring that tax filers purchase TurboTax Premier. I actually ended up returning TurboTax Deluxe when I found out it would not cover my stock option income. Lucky for me I received a free TurboTax state download included in my TurboTax Premier package so everything worked out. For those with stock option income the key is to buy the correct version of TurboTax software to fit your situation and in this case TurboTax Premier is the one you need.
|
|