Stocks, Bonds, Mutual Funds and Rental Properties Step-by-Step Guidance

Product Information

TurboTaxFederal+State Premier includes everything in TurboTax Deluxe plus more!  TurboTax Premier Guides you step-by-step through investments and rental property income. Assists with stocks, bonds, mutual funds, stock options, and ESPPs. Makes it easy toreport rental property income and maximize your rental property deductions.  Plus, includes one free state download.

For investments get extra help for accurate reporting of investment sales for report gains and losses for stocks, bonds,mutual funds, stock options, employee stock, and purchase plans.  It will guide you through stock sales and helps you determine your historical basis along with ways to increase your 40l(k) contribution without decreasing your take home pay. It also provides tips to help determine the best IRA for your situation to maximize savings.  

Maximize your deductions and find out which expenses qualify as deductions, including advertising, insurance, furnishings, repairs,depreciation, travel and meals.  Learn how to handle refinancing fees with tips for refinancing a rental, and learn how and why to deduct refinancing fees.  Learn the tax impact of changing property usage for a new rental owner, convertinghome to rental property, and both personal and rental use.

Easy for first time users.  It guides you step-by-step, and it asks you questions in plain English.  then, puts answers on IRS- and state-approved forms.  It alsodouble checks your Return and looks for errors and flags audit risks.  


New Features

• Tools to Easily Make Changes with summary pages at the end of each section make it easy to find andedit data youve already entered. Also, quickly jump to sections of your return using a clickable tax topic list.
• Deduction Maximizer Center - shows you how to qualify for over 350 deductions,from mortgage interest, to child-care expenses and more, so there are no lost opportunities!
• BasisPro quickly tracks and calculates historical cost basis

Cost Basis Expert

• Helps you determine your basis for your investment trade.
• Walks you through calculating your basis for each trade, including single and multiple purchase lots, first in first out (FIFO) reporting, average costreporting and more.

Extra Help for Accurate Reporting of Investment Sales

• Summarizes and categorizes your stock, bond and mutual fund sales. Shows your capital gains and losses.

Help withEmployee Stock Plans

• Includes guidance for reporting sales of Non-qualified Stock Options (NQSOs), Incentive Stock Options (ISOs), and Employee Stock Purchase Plans (ESPPs).
• Asks the rightquestions and does the math to determine your correct basis for selling shares purchased at different times or different prices.

Product Features

• Special guidance for Investors shows youhow to handle capital gains and losses, make the most of your 401(k) plan and determine the original value of investments youve sold. Plus, it keeps track of carryover gains or losses from your prior yearinvestments and applies them to this years return.
• Added tools for landlords help get the biggest rental deductions possible.
• Prior Year Data Import saves you time. TurboTaxtransfers and lets you edit information from your last years TurboTax return so you dont have to enter it again.
• For Rental Property
  • Refinancing Expert -Provides tips for refinancing a rental property. Helps maximize your refinancing deductions, including points, appraisal fees, recording fees, loan costs and more.
  • Depreciation Expert forRental Property - Guides you through calculating and reporting depreciation of your property and related assets and automatically determines the most advantageous depreciation method.
  • In-depth Rental Deduction Interview - Find out which expenses qualify as deductions, including travel, advertising, insurance, furnishings, repairs, depreciation, meals, and more! Helps make sure you get therental property deductions you deserve.

Windows Requirements

• Windows 2000, XP Home/Media Edition/Pro (32-bit), Vista (32-bit) Home Basic/HomePremium/Ultimate/Business, Administrative rights required
• IBM or compatible 200 MHz Pentium processor
• 128 MB of RAM
• Monitor: SVGA color monitors (high color-16 bit)
• 800 X 600screen resolution
• Internet Connection: Desktop Products: 28.8 Kbps modem or direct Internet connection
• Microsoft Internet Explorer 6.0 or higher
• Macromedia Flash 7.0
• MSXML 3.0
• 2XCD-ROM drive
• Federal Products: 250 MB Hard Disk Space for TurboTax (plus up to 75 MB for Internet Explorer)
• State Products: 15 MB Hard Disk Space
• Retail Plus State Products: 265 MB forTurboTax (plus up to 75 MB for Internet Explorer )
• Any Windows-compatible inkjet or laser printer

Macintosh Requirements

• Mac OS X (10.2.8) or greater
• Processor: Power PC G3 or higher
• Intel-based Processor
• 128 MB of RAM
• Monitor: 800 X 600 screen resolution
• Internet Connection: Desktop Products: 28.8 Kbps modem or direct Internet connection
• Download Products: 56 Kbps modemor direct Internet connection
• Macromedia Flash 7.0
•  2X CD-ROM drive
• Federal Products: 225 MB Hard Disk Space
• State Products: 30 MB Hard Disk
• Retail Plus State Products: 255 MBHard Disk Space
• Any Macintosh-compatible inkjet or laser printer