Getting Started: How To Prepare Your 2023 - 2024 Tax Return With TurboTax

Turbo Tax Premier 2023 - 2024 Online

If your an investor like me, you need a software package that can help you get the most out of investment tax advantages. I have found that the Intuit Turbo Tax Premier Edition software program is one of the best ways to get the most out of your investments when it comes to tax time.

TurboTax Premier Support

Turbo Tax Premier: Everything the investor needs to do your taxes with ease.

Supported Platforms

TurboTax Premier - Mac & Windows

Works with most operating systems.

Use Online: Windows XP / Vista / 7 / Mac OS X

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Turbo Tax Premier Software Versions

Which to choose? TurboTax Online or TurboTax Software

>> Online Tax Preparation Comparison Chart

This Premier Software Edition includes everything from the Deluxe Edition, along with additional Premier Features for importing data and more.

TurboTax Premier Screen Shot - Comparison Chart

Financially it's easy to get overwhelmed by all the credits, benefits and deductions that you may or may not qualify for on your return. With this software's clean interface you'll find several ways to get questions answered in a user friendly way, it's far less difficult to understand than it used to be.

Investing is a very diverse financial ability that can take you in all directions, from the financial markets to real estate and on and on.

Getting your wits about you is the best move you can take to make sure your taking full advantage of everything you can on your taxes, and TurboTax helps you do just that in an easy guided way.

TurboTax Premier is ideal if you

For the investor it's always important to get the most out of tax time for yourself. It really doesn't make a lot of sense to work hard at your investments only to give a big chunk of the profits to Uncle Sam.

The great thing about TurboTax Premier is that it's a super piece of investment education rolled up in a tax preparation package. Truly speaking you can take a lot of classes on your stocks and rental property investments and still not get the advanced education advice and information rolled up in these software programs. Simply put, all the years of TurboTax tax preparation software evolving have led to developing a process that has virtually dealt with every issue that can come up. So now you have a package that is preprogrammed to find every deduction and credit along with answering any questions that may come up in your tax filing process.

In a nutshell, this software can and will make you a better investor buy showing you how to prepare for and get the most back from your investments on your return. You work hard for your money, why not put a little effort into keeping it...

All in all, if your an investor, there's a good chance your not taking full advantage of your investments if your not using TurboTax Premier. It's an amazing education tool to help you sharpen your pencil when it comes to taking advantage of all the financial benefits available for the investor.

Turbo Tax Premier Online Features

Turbo Tax Premier Features: What I found especially pleasing about this product was the way it packaged up sections of the interview process to get me moving in the right direction, all while eliminating sections that just didn't apply to me.

TurboTax Premier Online

I hate fumbling through paragraphs and questions that aren't needed based on my filing needs.

Another thing that impressed me was the multiple sources of easy to use guidance and help.

It seems no matter where I was in the preparation process, there was always support to help if I didn't understand, or needed more information. Seems they have really used the years of experience to cover all the issues that have come up year after year.

Features:

TurboTax Premier 2023 Features:

TurboTax Premier also includes everything from Deluxe:

Improved error-checking

TurboTax Premeir now checks for errors as you go along. In most cases the software will provide immediate feedback. In previous years, most error checking would take place in a final step before printing or filing.

Bookmark or flag pages

TurboTax estimates that most people will complete their tax returns in two sittings, For myself, I would often come across a question that I didn’t have the answer for. TurboTax now offers a feature to flag the page. Your flags are like bookmarks. You can give each flag a name and jump right the the correct location next time you log in to work on it.

Super features like this keep this tax software brand at the top every year!

Intuit Turbo Tax Premier Review Results

With this years edition a new feature called My Tax History brings in more data from your previous year's tax return to help you save time.

With the interview mode, you can select a split screen feature to work more easily.

Questions and explanations appear in the main interview window and the current form down below. Fields or check boxes for your responses are easily checked or filled to complete your tax forms without hassles.

FAQs support appears in the right pane, while your current tax balance (amount of refund or obligation) appears above to keep you updated.

While TurboTax Premier looks and acts much the same as it has in the past, payroll-services giant ADP has been added this year to make things even easier.  Updated cooperation allows you to import figures from numerous suppliers of W-2 and 1099 documentation bringing the total number of firms that cooperate up substantially.

TurboTax Premier still offers live help advice, which is now available at a flat fee of $19.95 for up to 10 minutes of support. TurboTax Premier's Tax Advisor will also kick in for support if you've entered dependents. A screen displays information about ways to save for your kids education.

Premier Edition + Efile

Simple Navigation: Click on any of the tabs (Income, Deductions, and so on) and an indexed list of topics appears to make finding answers a quick process. Click on any of them and you're taken to the relevant spot in the interview, completed topics are checked off so that you know what's already been finished.

TurboTax users also have available to them a discounted version of "It's Deductible". With this program you can purchase for $19.95, you can dig deeper into the value of your charitable contributions than you normally might. This program helps you assign fair market value to your donations.

All in all TurboTax Premeir is a great choice to make tax preparation for the investor a lot easier to complete.

Intuit Turbo Tax Premier + State

It also has a four-tiered follow-up that looks for missed deductions and potential audit triggers. It provides personalized tax tips, and compares your return with U.S. averages to see how you measure up to others in similar filing situations.

Once that's done, you can move applicable data automatically into a state form and complete that through the same process.

Like H&R Block, TurboTax Premier now has improved features that can be useful to you all year-round.

With the new "MyTurboTax" feature, your provided with a variety of tools and services to help you keep up with your ongoing tax planning and preparation. Features include tools and calculators, personalized advice and newsletters, a "vault" for your returns, and message boards, plus chat sessions.

TurboTax Instructions. Things You'll Need:

  1. In TurboTax you can select the tax return to amend by highlighting the file and clicking "Change a Filed Return". Then select the TurboTax file to amend and click "Amend Selected Return." If the tax return you wish to amend is not listed, click "Amend Different Return" and navigate to the folder where the file for the return is stored on your computer.
  2. You should save a copy of your original tax return to print and use as a reference by clicking "Save As" from the File menu. Be sure to change the name of the original tax return as this preserves the information in the original file and prevents it from being overwritten. After changing the file name, click "Save".
  3. You should activate the state tax return prior to making changes to your federal tax return to ensure changes made are carried over to the state tax forms. To activate your state tax return, select the "State" tab at the top of the window and click "Continue." Repeat the process for additional states if you are filing more than one state tax return.
  4. Amend your federal tax return by making changes in each of the tabs in the TurboTax window. Work through the federal tax return in the same way that the original return was completed but only change or add information as required for your amendment corrections. Complete the amendment process for your federal tax return by returning to the amend section and indicating changes are complete. Provide the requested information explaining the reason for changes, then perform an error check of your federal tax return by selecting the "Federal Review" tab and clicking "Error Check".
  5. You can then proceed with amending your state tax return by clicking on the "State Taxes" tab. Check that changes made on the federal return were transferred to the corresponding state tax return sections. Work through the state tax return to making any additional changes. Confirm the changes made, review and complete the state tax return amendment form by indicating the reasons for changes. Go to the "Final Review" screen to perform an error check for the state tax return and your done.
  6. Now you just need to print your revised federal and state amendment forms by proceeding to the "Print and File" tab. Print both forms and mail them to the addresses indicated on the forms along with all required supporting documentation they require.

Tada... Your done!

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