A questions for you Turbo Tax users!

tbonesteak · 02-23-2010, 06:26 PM

Hey Guys,

I'm about to get started with Turbo Tax and do my taxes. Do all Turbo Tax editions enable you to plug in the new car purchase as a deduction? There is a free one, deluxe, premier, home & business, and business editions on their site. All i need is the premier edition since i do a little bit of stocks but I'm wondering if i need to upgrade to a higher edition to be able to make the new car purchase deduction. Thanks for your help.

Tim

antman22 · 02-23-2010, 07:43 PM

I haven't done my taxes yet this year, but I use Turbo Tax, and for something as standard as the new car purchase deduction, it shouldn't matter which version you use. Turbo Tax can't exclude you from a deduction you're entitled to by law because of what version of their software you use. If you're using the premier edition, that should definitely cover everything you need.

EDIT- just did my taxes (haha, i have a very simple filing), and yes, you're asked about the new car purchase when going through your deductions. no worries.

Pushing_Tin · 02-23-2010, 07:46 PM

Sort of OT, but if you belong to a bank or credit union, log on to their website as many offer a substantial discount if you use their link. I usually get at least 25% off through both US Bank and USAA.

tbonesteak · 02-24-2010, 12:00 AM

Cool, Thanks guys.

02-23-2010, 06:26 PM	#1 (permalink)
tbonesteak Track Member Join Date: Mar 2009 Location: Socal Posts: 914 Drives: MY09 MB 6MT Rep Power: 375	A questions for you Turbo Tax users! Hey Guys, I'm about to get started with Turbo Tax and do my taxes. Do all Turbo Tax editions enable you to plug in the new car purchase as a deduction? There is a free one, deluxe, premier, home & business, and business editions on their site. All i need is the premier edition since i do a little bit of stocks but I'm wondering if i need to upgrade to a higher edition to be able to make the new car purchase deduction. Thanks for your help. Tim

02-23-2010, 07:43 PM	#2 (permalink)
antman22 Track Member Join Date: Dec 2009 Location: Dallas TX Posts: 597 Drives: 09 PG 370z 7AT Rep Power: 16	I haven't done my taxes yet this year, but I use Turbo Tax, and for something as standard as the new car purchase deduction, it shouldn't matter which version you use. Turbo Tax can't exclude you from a deduction you're entitled to by law because of what version of their software you use. If you're using the premier edition, that should definitely cover everything you need. EDIT- just did my taxes (haha, i have a very simple filing), and yes, you're asked about the new car purchase when going through your deductions. no worries. Last edited by antman22; 02-23-2010 at 08:48 PM.

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02-23-2010, 07:46 PM	#3 (permalink)
Pushing_Tin A True Z Fanatic Join Date: Nov 2008 Location: Eugene, OR Posts: 2,875 Drives: E63 AMG Rep Power: 227	Sort of OT, but if you belong to a bank or credit union, log on to their website as many offer a substantial discount if you use their link. I usually get at least 25% off through both US Bank and USAA.

02-24-2010, 12:00 AM	#4 (permalink)
tbonesteak Track Member Join Date: Mar 2009 Location: Socal Posts: 914 Drives: MY09 MB 6MT Rep Power: 375	Cool, Thanks guys.