|TurboTax Deluxe Federal + State + eFile 2008 [DOWNLOAD]
|List Price: $59.95
Our Price: $43.22
You Save: $16.73 (28%)
TurboTax Deluxe helps find and maximize deductions. The software includes all the features in TurboTax Basic and guides customers step-by-step through mortgage interest, charitable contributions, education expenses, medical expenses and more. Not only does TurboTax Deluxe show taxpayers how to qualify for deductions, it also tracks how much they have saved. The software also includes ItsDeductible--the "bluebook" for donated items that helps accurately value your donations in compliance with IRS guidelines.
Asks easy questions
We customize questions to your unique tax situation and put your answers on the right tax forms for you. Click to enlarge.
We search for more than 350 deductions to get you the biggest refund possible--guaranteed. Click to enlarge.
Efile for a fast refund
Efile with direct deposit to get your refund in as few as 8 days. Federal efile included.
Everything you need to do your taxes with ease.
Finds All the Deductions You Deserve
Maximizes Your Tax Deductions
Asks simple questions about your income, family situation and changes in your tax situation. Then, based on your answers, searches for more than 350 deductions to get you the biggest tax refund--guaranteed.
Looks for Deduction Opportunities as You Go
Shows you which deductions you've taken. Which deductions you haven't. And tells you how to qualify for just about any deduction, so you don't miss any opportunities to save.
Gets You the Maximum Deduction for Donations
ItsDeductible (included) helps you accurately value items you donate to charity--no more guessing. Plus, it tracks other donations such as cash, mileage and stocks, to help you get every charitable deduction you're entitled to.
Improved Handles Your Life Changes
Changed jobs? Got married? Bought a home? Had a baby? TurboTax guides you through common life changes, explains how the changes will impact your taxes, and tells you what you can deduct.
Helps with Medical Expenses
Does all the math and tells you if you qualify to deduct your medical expenses for maximum tax savings.
Filing Multiple Returns? It's Easy with TurboTax
You can prepare and print unlimited federal returns and e-file up to five federal returns (per IRS guidelines) with TurboTax at no additional charge. You get all the features and benefits of TurboTax, like year-over-year transfer and audit support tools.
Federal e-filing is easy, fast and more accurate than paper filing and eliminates paperwork hassles. You'll receive IRS confirmation your return has been received and best of all, you'll get a faster refund°™in as little as 8 days.* And you can start and work on as many returns as you like and still use all the tax planning features (scenario and alternative planning) you've come to value without having to pay extra.
*IRS typically estimates 8-15 days for efile with direct deposit.
Helps You Reduce Audit Risk
New Tracks Your Audit Risk
Audit Risk Meter checks your tax return for common audit triggers. Shows whether your risk is high or low. And provides tips to help you reduce your chance of an audit.
Includes Downloadable Audit Support Center
Gives you step-by-step guidance on everything you need to know and do if the IRS contacts you.
Alerts You to Audit Red Flags
Compares your deductions to national averages for your income bracket so you can quickly see if your deductions fall outside the norm and could possibly trigger an audit.
Does the Hard Work for You
Asks Easy Questions, Tailored to You
Guides you step by step through your tax return and puts your answers on the right tax forms for you. Skips interview questions that don't apply to you, so you can finish your return faster.
Improved Automatically Fills in W-2 and 1099 Info
Gets your W-2 and 1099 data directly from over 100,000 participating employers and financial institutions and automatically puts it in the right tax forms. A brief summary lets you review and edit downloaded information if necessary.
Transfers Last Year's Tax Info
No retyping necessary. Fills in information from your previous year's return to save time and increase accuracy. Shows you what you're importing and where it goes in your return. You can also import from other tax software including TaxACT and H&R Block's TaxCut.
Imports Your Financial Data
Imports information from your financial software (including Quicken, QuickBooks 2007 and higher, and Microsoft Money) so you can skip the cut and paste this year.
Provides Help and Advice When You Need It
Live Tax Answers
Get live answers online from TurboTax experts and other TurboTax users in our Live Community. Plus you'll have instant access to answers to commonly asked tax questions on every screen.
Straightforward Guidance & Advice
Find help on any tax topic from anywhere within TurboTax. Get plain-English explanations of specific tax areas and helpful examples when you need them.
Why TurboTax Deluxe is the easiest choice for you...
TurboTax Deluxe was designed to make it easy for you to get the biggest tax refund possible. Choose TurboTax Deluxe if any of the following apply to you:
- You own your home
- You donated to charity
- You have significant education or medical expenses
- You have childcare expenses
- You have lots of deductions
If you own investments or rental property, choose TurboTax Premier. It has everything in Deluxe PLUS will provide extra guidance so you get the most from your investments.
If you are a sole proprietor, consultant, 1099 contractor, or single-owner LLC, TurboTax Home & Business has everything in Premier and will help you make the most of your business and personal deductions.
If you own an S Corp, partnership, C Corp, or multiple-owner LLC, choose TurboTax Business.
New Guide Me
Not sure how to answer a tax question? We'll guide you to the right answer, making your taxes even easier.
New Explains Your Return
Shows you a summary of your return, including income, tax, credits and payments so you know your taxes are accurate. Provides recommendations to help you get an even bigger refund next year.
FREE Technical Support
Got a software question? No problem! Get answers from a TurboTax expert via e-mail, phone, or live chat.
Spots Errors and Shows How to Fix Them
Checks for Mistakes
Double-checks your return for errors, so you can be confident your taxes are done right.
Guaranteed Accurate Calculations
If you should get hit with an IRS or state penalty or interest due to a TurboTax calculation error, we'll pay you the penalty and interest.
Keeps You Up-to-Date with the Latest Tax Laws
With a single click you can check for updates each time you start to ensure your return includes the latest IRS and state tax forms. No more disruptions while you work on your return.
Get Your Refund Faster with Included Federal Efile
Improved Shows Your Tax Refund in Real Time
Watch your refund add up as you complete your return. Our improved Dual Refund Monitor constantly displays and updates both your federal and state refunds (or taxes due) as you complete your federal return.
New Federal Efile Included
Get your refund in as few as 8 days with efile and direct deposit. Five federal efiles are now included with TurboTax at no extra charge. If you're a returning user, we'll automatically transfer your efile information from your previous year's return to save you even more time.
Find and maximize your deductions.
- Prepare and print unlimited federal and state returns; e-file up to five federal returns (per IRS guidelines) at no additional charge
- Includes free federal efile -- receive IRS confirmation and get your refund in as few as 8 days
- Everything you need to easily do your tax return--asks easy questions customized to your situation, puts your answers on the correct IRS forms, checks for errors
- Searches for more than 350 deductions, including mortgage interest, education, and medical expenses, to get you the biggest refund--guaranteed
- TurboTax is the only tax software to include both e-filing and audit support with every federal return.
- Worked fine for me!
I am upset at Quickens marketing. There website says the state is additional... I bought this version today and when I got to the state it said that one state is included for free. Just like always.
The program downloaded ok (after I installed the Amazon downloader) It worked Ok... and was about the same as other years.
I don't think there marketing is doing them any good! But, I was happy with the way things turned out. If people have been tricked into paying for the state... that is just wrong....more info
- Buyer beware!
Nowhere in Turbo Tax's promotional material do they you say anything about their new pay-as-you-go pricing structure, which comes on top of their new software price increases.
Every new return you print/file after the first one will cost you an ADDITIONAL $9.95! But they don't tell you that until AFTER you've download and installed the software.
If you don't like these bait-and-switch tactics, buy TaxCut or TaxAct, which allow unlimited individual returns for no additional charge. TaxCut also allows you to transfer data from Turbo Tax 2007 returns. ...more info
- Still the best for saving money!
I agree with other negative reviewers regarding giving a yearly "upgrade" option to loyal customers. Every other software works this way and I see no reason why Intuit shouldn't too. It'd definitely keep customers locked in & happy - a win-win.
But! - and this is a BIG but :) -- When I saw the pricetag for TurboTax, I balked and went over to check out the competitor, H&R Block's TaxCut. I was floored at the result. When everything was calculated, TurboTax got me a return of a whopping $1500 more than TaxCut. Now - I admit I'm not a rocket scientist - but I followed all the steps each software provided, read all the fields and entered the values asked for.
And if you check around the net, like on cNet and other online review sites, you'll see the same thing - TurboTax saved them more money than TaxCut, at least for anything more than the _most_ basic tax return.
So my overall point - TurboTax asked the right questions, and in an easy to follow, systematic way, that covered all the bases. I _hate_ doing taxes, but TT made it less painful and more profitable than the competition - by far.
So when I saw that final price tag again - which in my case was about $70 for the online version with e-file - I paid up. $1500 versus $70? Not a problem....more info
- Predatory Pricing
Thinking that no one whould notice in this booming economy, Intuit has decided to stealthly change the terms of the license agreement to grab as much money as they can. What next? A per minute fee you must pay to use software which you already purchased in addition to the $10 per printed return? Do yourself a favor and just use another product from someone less slimy.
- I am switch to Taxcut from this year-2008.
I do not like the way they doing business, they should low down the price for all those users who use the software for years. I used 10+ years
I am going to switch to Taxcut from this year (2008).
Every year they add something there, they thought they can do it without
users knowing. It is wrong!!!!!
We all know the price change and I will broadcasting for TurboTax for their "New customers". You will see the result the next couple years....more info
- Works as advertised ($$ fluctuation for download only negative)
After seeing alot of complaints about the download version I thought I would chime in with my experience. I have used TurboTax for the last 12 years. I have a one year old PC with MS Vista Home Premium 64bit OS and the Amazon Downloader worked fine and I was able to create my return, download state, efile (Federal only) with no problems at all. The entire process including download/install (which took less than 5 minutes a Cox Broadband cable connection), entering in return info, etc. was less than 2 hours.
I bought yesterday the download version for $37.99 but see today it is $47.49 (seem crazy to have the fluctation like this). My advice is to keep monitoring and strike when it's cheap. I knocked it down 1 star do to this practice otherwise it had 5 stars going. ...more info
- About face
The Turbo Tax people have changed their minds. You don't have to pay $10 per return any more and you get 5 free federal e-files. They heard the complaints and changed their pricing policy....more info
- Won't import from past year's online TurboTax
Despite what their website says, the importing of prior year's tax returns is buggy if you used the online version last year. I decided to go with the desktop version after their online version kept hanging (probably due to overload near the end of the tax deadline).
I downloaded this and found that it refused to import my TXF file from last years returns, despite the fact that I followed their online directions to a "T".
This is incredibly frustrating, because the whole origin of this difficulty is their determination to make each year's program not open any other year's, except for importing as prior returns. (That's why each year has a different file suffix.) They are clearly more interesting is squeezing as much money as possible out of you than in providing a quality product.
The only thing I can say in their favor is that after one hour and 10 minutes on hold, they finally gave me my money back......more info
- Are you kidding?
From Amazon's tax software front page: "Save more when you download your TurboTax 2008 software directly to your computer with Amazon's Software Downloads Service." Um, Amazon is charging $55.49 for the download, and $52.99 to mail me the CD-ROM? Not only does this directly contradict Amazon's sales pitch, it makes no sense at all for the download which does not cost virtually anything to deliver to cost more...
As for Intuit, they seem to try to pull some backdoor pricing shenanigan like this every year. What a sleazy company!...more info
- State is Free and No Issues with Vista Home Premium
To add to Mr Thornhill's review, wait to download the state software until you have entered your personal info for the federal return. At the top (below the menu bar) there will be 2 big boxes -- one indicating your federal tax owed/refund and the other for the state. Once you enter (or extract from previous tax year) your personal info, then the 2nd box will say you need to download your state version. Nowhere does Intuit ask you for money if you follow this (one state download is free). The e-file for the state is $20, though; I chose to print the generated pdf and mail it.
It took 5 mins to download with the Amazon software downloader -- I have 5 Mbps Verizon FiOS. The installation on Vista Home Premium 32-bit version completed without problems. The installation and updates took about 10 mins....more info
I can't even download the software. When I first tried downloading it, it went beyond 100% and never finished downloading. I used Amazon's "Call Me" feature and I received an automated message saying that they were only available during certain hours and I had to call back. I tried this at 11am and 1pm pacific time. Then I tried calling the regular Amazon support number and I spoke to two people who literaly did not understand English enough to look up my order. This has been a very frustrating experience. I will never buy digital software from Amazon again. It is now four days after my purchase and I still can't even download it....more info
- free irs website has made tt deluxe unnecessary starting this year
- i just read the 1-star post down below by the attorney mark Twain (titled something like: You Must Read this Review by a Tax Attorney) that i have seen on all three tt deluxe products, and want to add the following comment stating that mark twain makes good points that i have definitely experienced too. i checked what he said out, and yes, the irs is actually making free online forms available for all filers this year at their website, regardless of one's income, just as he says. i didn't know the irs was doing this! you can find the link at the irs main home page under "free file" on the left side of their web page . . . after selecting that, then click on the "choose fillable forms" button at the bottom of the page. of course, you have to input your own numbers and follow the irs paper instructions, but i am going to do it this year because it is FREE and saves me a bunch of dough when money is tight. for most people i find it is pretty easy anyway to do your own taxes on a 1040 with a couple of the schedules. (plus, if you spend a day this year learning your basic forms, then you can easily replicate it in future years and save every year going forward.) so, like a lot of turbotax users, the ONLY reason i used the tt deluxe software was for the spreadsheet aspects that saved me a bunch of time re-calculating numbers if i later made a change to a form . . . but now that the irs is doing it's own online spreadsheets for free, i am totally excited that i do not have to shell out cash again and go through these software bugs and legal mistakes that the attorney's post talks about. plus, i avoid having to amend my taxes like these other folks had to here, and i save all the time not having to figure out all the bugs and quirks each year in tt's software. thank god. and for people with more complicated returns who know a little about taxes, i imagine they would have no problem using the free irs website, because these folks have to do a lot by hand anyways because tt provides very little guidance other than on the most basic stuff. i really wonder why the irs didn't publicize their website more????
p.s. by the way, tt's "It's Deductible" program in all these deluxe products is a non-selling point and puts way too low values on your donations. go to E-bay instead and use your own values when you do your deductions at the free irs website.
- Sloppy Program
No matter what I do, the little help buttons don't work. Is it FireFox? I changed to IE. Is it security software? I turned it off.
Thanks a lot TurboTax for ZERO HELP filling out my return.
Wouldn't you think they would address this and other config problems in their help menu?...more info
- Don't Panic-Excellent Product, you get what is shown
Before buying Turbo Tax Deluxe Federal + state + e-file , I read all kinds of online complaints that when you buy the Turbo Tax Deluxe Federal + state + e-file that you will have to pay $39.95 more for the state. This is not true unless you plan to do your taxes for more than one state. One state download is indeed free (included with the purchase of the product (Turbo Tax Deluxe Federal + state + e-file). Also, I read that you have to pay $9.95 for each additional federal filing, this is not true also. You can get up to 5 federal e-files included with this purchase. There is no reason why this product should receive less than five stars, I think any of the lesser ratings were premature, or due to user error. Very simple to download and use, and there is no bait & switch. Michelle...more info
- 64-bit? Don't bother with the download
The Amazon downloader does not work with ANY 64-bit version of Windows, so if you have a high-end computer, don't bother. And why do companies think that forcing users to install software on their PCs just to download software is a good idea? I buy apps from Palm Gear and Pocket Gear, and have never had to download anything but the software I purchased. Come on, Amazon, get a clue!!!...more info
- Great program-falsely Advertised
I have used TurboTax for at least 10 years, and I find the program to be easy to use and efficient, until I filed electronically the first time this year. I purchased "TurboTax Deluxe Federal + State + E-file". No where did it say I would be required to fork over another $19.95 to file my State return electronically-that is until I had followed all the steps and hit the "E-file" button! This is a gross misrepresentation in the name of the product. Buyer beware. Intuit is apparently comfortable with having irate and dissatisfied customers. Next year, I'll look elsewhere!...more info
- I am not buying this year -- too expensive
I went to Frys to buy Turbotax and was amazed at the price increase from last year, even with the economy the way it is. Amazon pricing is better so I checked it out -- much better price here but much higher than last year. And Tax-cut missed their opportunity to clobber Turbotax. They tracked the higher prices like gas-stations do. Shame on both companies. I am going to print out the free forms from irs.gov and do it the older, harder way. I'd even rather pay an accountant who actually does work than a software company that tweaks their product for minor law changes and presses out a million CD's at $40 + each. Ridiculous! ...more info
- Trouble-free experience with Turbo Tax and download
I'm sure the people writing the negative reviews experienced the problems or charging experiences they reported, but add me to the list of those for whom everything was as expected with this downloaded version of Turbo Tax Deluxe 2008. When I bought the downloaded version on April 6, there was a slightly cheaper (after including shipping cost) offer for the boxed CD version, but I was running late and the extra few dollars was readily worth it for me. The $41 I paid for the download version was a savings over activating the CD Intuit sends me every year @ $59.95 plus tax.
The download was trouble free. After the quick install of the Amazon download app, the software downloaded in less than 5 minutes and installed in about the same amount of time. On startup, it downloaded all the late-March updates and the state program (for free, as promised), and I was off an running.
I've been using Turbo Tax since the mid-1980s, and I can only remember one time when I had technical issues, which I believe was when I started working on my taxes earlier than my usual last minute scramble. A positive side-effect of procrastination is that the problems and any tax law adjustments have usually been taken care of.
I had not the slightest hitch in checking for program updates. I downloaded investment data, including mutual fund sale cost basis data, and that all worked without a hitch (I don't bother to download W-2 data). The software suggested upgrading to the Premier version at a $30 premium on two different occasions, but the Deluxe version handled all my mutual fund and bond transactions without problems.
I e-filed two federal returns for free; e-filed one state return for $19.95 and mailed the other one. The first federal return was accepted in less than 24 hours. I just sent off the other federal and state e-file, but they went out without a hitch.
I've never tried any other tax software since I started with Turbo Tax in MSDOS days (before Intuit bought them), so I can't comment on whether Turbo Tax misses or finds tax savings others don't, but I've never had more than minor adjustments from the taxing authorities, and I've never had an e-filed return rejected, although in the early days I occasionally had to juggle some deductions to get my return to e-file. Our returns aren't "basic", but they are pretty straightforward.
I don't begrudge Intuit the small renewal cost, although I agree that getting a little better deal than buying new at retail each year would be appealing. I still consider the software to be a genuine bargain, and they are constantly working to improve it and keep in lock step with the tax laws, with ready access to tons of information and IRS documents.
I was also worried about downloading Turbo Deluxe after reading the reviews.
I had no problems what-so-ever with the download, installation and running of Turbo Deluxe.
If you normally have no problems downloading programs onto your computer, you probably won't have any problems downloading this Turbo Deluxe.
Fast, easy and saves a trip to the store, no sales tax, no shipping and you get it for a great price!...more info
- Read this Review by a Tax Attorney!
[3/12/09 UPDATE: FOR ANYONE WHO DEDUCTS MORTGAGE INTEREST AND IS WONDERING WHETHER AND HOW THEY OWE AMT, PLEASE READ THE COMMENTS ATTACHED TO THIS REVIEW FOR CURRENT STATUS AND INFORMATION REGARDING INTUIT'S HANDLING OF THIS MAJOR SOFTWARE ERROR THAT CAUSES FORM 6251 NOT TO BE GENERATED/FILED AND POSSIBLE UNDERREPORTING OF TAXES OWED.]
* * *
I am an attorney and my wife is a tax attorney, and we have spent hours reverse engineering and confirming TurboTax software problems (with dummy numbers) last night to determine ONCE AGAIN that the brain trust at TurboTax is giving us defective product. I have used TurboTax since 2005 (only for the spread sheet aspects), and, now that the IRS has made free online filing spreadsheet software available regardless of income (check out the new "Fillable Forms" at the IRS Free File website), THIS WILL OFFICIALLY BE THE LAST YEAR I USE TURBOTAX. Hooraahhh! Every year I find numerous errors in their software (from mortgage interest deduction, to carry-overs, to properly completing non-cash charitable donations per IRS requirements, to calculating AMT credits, and now to yet another problem described here), and like many of you guys, every year that I write in about a problem, I get one of their generic, inane replies from some low-level non-attorney who knows nothing about the tax code. Like years past, I spend more time beta-testing their software bugs than actually doing my tax return. This year, I easily computed and input all my data for our 2008 return, but I can not get TurboTax to generate (unless I start overriding everything . . . which can lead to other problems) this year's requisite Form 6251 for the AMT so that I can actually e-file my return. Unlike most people, we do our returns manually per the paper IRS forms, instructions, publications, and tax regs (again my wife is a tax lawyer), and then we input it all in TurboTax to e-file it . . . and like this year, I ALWAYS find major problems in their software. For example, thousands of Americans are claiming a mortgage interest deduction on Schedule A that they are not entitled to due to the way TurboTax incorrectly distinguishes between home equity indebtedness and home acquisition indebtedness in the context of, e.g., refinanced primary mortgages that include a cash-out component, as well as due to the lack of direction in their menus about the need to compute average mortgage balances. TurboTax's interview just generically refers you to the IRS publication(s), which everyone tells me they do not have time to do (they tell me that's why they bought the software to begin with, so that they do NOT have to look at the Pubs, Regs, or Code) . . . even my attorney friends who use Turbo don't refer to the tax Pubs to figure out their average mortgage balances, and say instead that they simply claim everything on their 1098 Mortgage Interest Statements (which is wrong!). TurboTax could easily fix this longstanding gap in their software by hiring a tax attorney and programmer to add the same sort of interview questions and worksheets that are in Publication 936. But for some reason, after years of making this complaint, they still fail to do this. Seperate and aside from this problem, now I see this year, another huge software bug (described below) that makes me wonder how many filers with mortgage interest are not including Form 6251 for the AMT (even if they do not owe AMT, the form must still be attached/e-filed in many cases). As I say to all my friends, if you don't learn the basics of the tax code and check your taxes manually at least somewhat, then you will be in trouble if you solely rely on any version of TurboTax . . . as I have found that TurboTax has done my taxes wrong every year (2005, 2006, 2007, and now 2008). [This is absolutely true. Every year, my wife and I have had to override and/or spend days complaining to Intuit about necessary patches, etc.] Of course, I hope everyone here realizes that all these people that say "TurboTax is Easy and Great" in their 5-star reviews are often the worst type of resources to rely on for an assessment of whether this software is worth your money (and more importantly, time). . . as, how can these cheerleaders possibly be in a position to critique whether the software works correctly if they don't understand what is supposed to happen tax-wise in a given situation? If you read through ALL the reviews, you will often see the most critical reviews coming from people who evidence some tax knowledge on what TurboTax is supposed to do . . . these people seem far more reliable to me. Many of these 5-star reviews can be completely discounted by the fact that they were written by people who never had a CPA or lawyer verify that their alleged "so easy, so simple, so wonderful" tax returns were actually done correctly by the software's interview. As I said above, now that there is no income requirement for completing your return online at the IRS website with their free tax spreadsheet Fillable Forms (brand new option this year!), I will be saying GOODBYE to wasting $30-$60 a year on this software that my wife and I have to beta-test for days. And you can too. Trust me, as an attorney, your best options for your taxes are: (1) learn the tax code just enough so that you know what should happen tax-wise during each set of interview questions (and if you do that, then you can now use the IRS "fillable forms" and e-file for free at the IRS website); or (2) pay a little more and use a CPA or attorney. As your instinct probably tells you, no software program alone is going to magically do this stuff correctly for you; even worse is that it does it wrong after so much wasted time in so many cases. The wasting of so much of one's time to beta-test this product is just outrageous. [And waiting to buy the software is just no good, as, in year's past, I was still receiving patches right up to the filing deadline in April!] Completely unfair that this product continues to dominate the market when the IRS/Treasury should simply do-away with all the lobbying Intuit does here in Washington DC each year, and instead should expand its "fillable forms" with a set of free basic interview questions like Virginia and other states make available online.
As far as the specifics of the problem on the Form 6251 not being done correctly, if you are interested, here is my detailed post about this debacle on a thread on TurboTax's Live Community. [YOU SHOULD ALSO READ THE COMMENTS ATTACHED TO THIS REVIEW FOR MY TAKE AS OF 3/12/09 ON HOW EGREGIOUS THIS ERROR HAS BEEN, AS WELL AS COMMENTARY AND OPINION ON INTUIT'S HANDLING OF IT TO DATE.]
Live Community post follows:
FORM 6251 not being generated!
MAJOR ERROR IN TURBOTAX DELUXE 2008!!
My wife and I are attorneys (she is a tax attorney), and once again your software is saying I do not need to submit a Form 6251 when in fact I am REQUIRED by the Form 6251 Instructions to attach a Form 6251 to my return (even though I do not owe AMT this year, the form must still be generated and attached).
I am required to attach the Form 6251 because, per the Instructions: "The total of Form 6251, lines 9 through 28, is negative and line 32 would be greater than line 35 if you did not take into account lines 9 through 28." In my case, all of our home mortgage interest is deductible under the regular tax this year, because all of our home equity debt (which happens to be used for investment) is less than 100K; thus, we do not need to complete the TurboTax questions (under the regular tax) for Investment Interest Expense (i.e., because we already are claiming all of this interest as home mortgage interest, we can not and do not need to take it again as investment interest expense simply because the proceeds happen to be used for investment). Thus, TurboTax correctly does not generate a Form 4952 for the regular tax.
However, under the AMT regime, I need to enter values on lines 4 and 9 of Form 6251 to add the interest on the home equity debt back into my AMT income and then subtract it out of my AMT income as investment interest expense. I realize this is essentially a wash, but it does not exclude me from the requirement of filing the Form 6251. WHY IS TURBOTAX FAILING TO GENERATE AND E-FILE A FORM 6251 IN THIS CASE? Also, TurboTax should be generating a Form 4952-AMT (for my reference only of course), but IT IS NOT GENERATING ONE EITHER.
Clearly, TurboTax's inquiry can't handle a situation where you are not claiming investment interest expense in the regular tax world (because it all qualifies as home equity debt), but then you need to claim it in the AMT tax world. PLEASE FIX THIS ASAP.
TURBOTAX NEEDS TO GENERATE BOTH THE FORM 6251 AND FORM 4952-AMT IN SITUATIONS LIKE MINE.
Follow-up Message from me to TurboTax programmers:
You guys screwed up! Why do I have to beta-test your software every year!?!?!?
I just sent you a detailed problem about Form 6251 not being generated. It turns out that at the beginning of the AMT questionnaire, there is an error in your Form 6251 worksheet programming. In response to the AMT question "Tell Us About Your Mortgage Interest," if I input a lower value for "Interest Paid on an Eligible Mortgage" (as compared to the home mortgage interest value from my regular tax Schedule A), then your software does not enter any "home mortgage interest adjustment" in the worksheet (and on line 4 of a Form 6251). Thus, no Form 6251 is being generated when in fact it is REQUIRED per the instructions to the Form 6251.
Also, in prior years, there was always a question in TurboTax that would then ask you to adjust for any investment interest expense you might be able to claim under the AMT if any of this above ineligible interest happened to be used for investment (and therefore could be subtracted out on Line 9 of Form 6251).
Shame on you TurboTax. I can't even correctly file my return this year until you fix this. I wonder how many people have already filed their taxes without Form 6251, even though they were required to do so (regardless of whether they owe AMT, the Form 6251 must still be attached in these cases).
- Cheapest way to file with state and efile etc, great great product, don't listen to the naysayers
this is the best product out there. i understand people had issues with downloads and time outs but that could be their particular system, like someone mentioned it does not work well with vista. i am running a 5 year old laptop with XP and downloaded and installed it all in about 90 minutes and was up and running. $41.99 for the program, free state $40 value, and yes you do get it..... and you pay $19.99 for the state efile, or simply mail state portion. $62 and you're done. or even 42 if had time to print and mail. cheap cheap! great product. at sams was 50 plus state efile i believe, they lowered it on last day (today) to 45 but still, this download from amazon wins. ...more info
- Don't ever buy this software!!
This has caused me more trouble than I care to relate. It most definitely did NOT get me a bunch of money that I didn't know I had coming to me, like the commercials would have you think. Intuit makes a flawed product and then creates an impossible to contact customer service center. Brilliant! Stay away at all costs. ...more info
- Loyal TT customers don't get a discount. They pay DOUBLE!
This is our tenth (and last) year of using TT-Deluxe.
We initially chose it because it was simple to keep track of year-to-year depreciations on our rentals as well as easily handle stock-option transactions. It once even found a little known (now gone) tax credit for state sales tax (we have no state income tax). That was neat! So, we kept buying TT-Deluxe.
This year, I saw all of the negative reviews at Amazon (funny, over 300 a month ago, now only 53?) but bought it anyway. My wife did the taxes today, and was totally PO'd when I got home that I bought the wrong version. It seems that she went all the way through the return and realized it didn't ask questions about our rental property. She went back through it and couldn't find it anywhere. She ended up calling INTUIT, who told her she had to upgrade to the PREMIER version. She ended up paying nearly $40 for the upgrade to the package that cost less than that originally.
I still have the box from TT-D 2007. It is NEARLY IDENTICAL to the box for TT-D 2008. The same options and features in the "Which TT is right for you?". I even saw a post in the Amazon forums from INTUIT spin-doctor BOB MEIGHAN saying that whichever version you used for 07 would be fine for 08. I would say that BM owes me $40 and an apology for my wife.
He pulled a similar stunt with Quicken 2009. He sent out a letter saying that everyone with Q2006 must upgrade to continue using all features. But even then it turns out that if you buy the SAME version you have been using for years (we have used Quicken since before Windows 3.0) you are going to pay AGAIN for the "upgrade" version that you really need.
Don't jack with your loyal customers, Bob. In this tough economy, you should be giving us loyalty discounts, not slimy sales tricks. But you are stimulating the economy in your own way. You are strengthening your competition by sending new customers their way.
Sometimes, change is a good thing. Bye-bye INTUIT!...more info
- Not Bad, and some comic relief!
I downloaded this from Amazon, with only one problem - I couldn't install the download tool because I had just finished windows updates. If you get a registry error with this, just reboot your computer.
Overall, it's OK. A bit unwieldy, but taxes are unwieldy.
On a comic note, I prepared the tax return for my deceased father. TurboTax asked me if he was deceased at the beginning, and then at the end, suggested way to "help me plan for 2009". I don't know about you, but once you are dead, you don't need to worry about the following tax year!...more info
- Don't understand????
????Don't Understand????NexTag Shopping Comparison advertised this product for sale at Amazon for $37.99 on 2/22, but when I try to purchase it by clicking on the price/store, it takes me to Amazon but their price is $47.49. When I try to buy it, still charges the later price???? What's with this???...more info