Buyer's Guide - If you have investments
If you're an investor who has sold stocks, bonds, mutual funds, or any other type of security, this section is for you. Those of you who also own your own business should review the Buyer's Guide for business owners first – we recommend in most cases that you use TurboTax Home & Business instead. TurboTax Home & Business includes every feature you'll need to report your investment transactions as well as added guidance and support for the business owner.
Do you invest in stocks, mutual funds, bonds or bond funds?
If so, TurboTax Premier is the ideal product for you if you sold any of your investments this past year. Premier includes our Investment Sales Expert to guide you through entering each transaction, providing detailed help along the way. This feature is essential if you've sold inherited stock and have no idea what to enter for the stock's "cost" because records have been lost through the years, or if you've sold stock you've owned for many years in a company that's gone through corporate mergers and spin-offs (think AT&T). Why? Our Cost Basis Lookup feature includes historical cost information and information about all of the corporate events, then calculates just what cost to report for the shares you sold after taking into account all mergers, spin-offs, stock splits, reverse splits, and other events over the years. It's a must-have for the serious investor.
The Investment Sales Expert also helps when you've sold stock or a mutual fund you received as part of a divorce settlement, or when you've been investing in a mutual fund for many years and have reinvested your dividends periodically; in both situations, figuring out your cost basis can be tricky.
Calculating the correct cost basis of any stock, bond, or fund that you've sold is critical to making sure you're not overpaying your taxes. Take advantage of the extra help TurboTax Premier provides!
Choose TurboTax Premier for the biggest refund for investors.
- Get more info about TurboTax Online > Premier
- Get more info about TurboTax CD/Download > Premier - Windows or Mac
- Check out our chart for comparing personal tax products.
- Read Buyer's Guide - Should I use TurboTax Online or Desktop?
You receive K-1s from some partnerships that you have invested in, mostly limited partnerships.
As a partner in a partnership, you should use either TurboTax Deluxe or TurboTax Premier. Either product will guide you through entry of your partnership's Schedule K-1 and will also ask you about additional expenses you paid with your own funds rather than partnership funds. You won't want to miss out on taking these additional deductions! Or, if you sold your interest in the partnership during the past year, TurboTax will walk you through closing out your partnership interest and calculating any capital gain or loss that results.