Customer reviews from turbotax.intuit.com
Intuit - TurboTax Premier Federal & State Returns + Federal E-File 2015: Investments and Rental Property - Windows, Mac OS
Average customer rating
4.4
(11,998 Reviews)
Rating breakdown 11,998 reviews
5 Stars
7,181
4 Stars
3,350
3 Stars
903
2 Stars
342
1 Star
222
Customer Reviews for Intuit - TurboTax Premier Federal & State Returns + Federal E-File 2015: Investments and Rental Property - Windows, Mac OS
Customer Rating
5
TubtoTax Review
on April 3, 2016
Posted by: JohnStCC
Have used TurboTax for 20 years. Never been disappointed in its accuracy, ease of use and max tax return.
What's great about it: Easy to use - best return for money
What's not so great: none
Written by a customer while visiting turbotax.intuit.com
Customer Rating
4
MLP Sales Still a Problem
on April 3, 2016
Posted by: Robotaxer
Searching Turbotax handling of MLPs on the internet shows the confusion surrounding sales of MLPs. There is lots of discussion and multiple opinions from users and Turbotax consultants. It's a nightmare to figure out how to enter MLP sales in Turbotax without causing double taxation from the entries in the 1099 and again in the K-1 interview. The best I could come up with after hours on the internet reading many opinions was as follows:
Using the K-1 sales sheet calculate the Capital Gain/Loss.
Adjust the 1099 cost to generate the calculated Capital Gain/Loss.
In the K-1 interview enter that you disposed of the MLP.
Enter the Ordinary Gain in the Sales Price box
Enter Zero in the Partnership Basis box
Enter the Ordinary Gain again in the Ordinary Gain box.
Using the K-1 sales sheet calculate the Capital Gain/Loss.
Adjust the 1099 cost to generate the calculated Capital Gain/Loss.
In the K-1 interview enter that you disposed of the MLP.
Enter the Ordinary Gain in the Sales Price box
Enter Zero in the Partnership Basis box
Enter the Ordinary Gain again in the Ordinary Gain box.
From what I read this prevents duplicate entries in Form 8949 and Schedule D under Box F. Duplicate entries cause double taxation on the MLP sale.
The information provided by Turbotax consultants is not very helpful because they usually refer to the IRS tax code which is nothing but a convoluted endless series of references and impossible for most people to understand.
The MLP sales sheets in the K-1s always show the data that should be entered and the calculations that need to be done.
Usually it shows items 1-10 from units disposed to AMT basis adjustments. It's the same for nearly all the MLPs.
It would be helpful if Turbotax provided guidance on how to enter this information based on the table rather than referring to the IRS tax code and also how to avoid double taxation because of the entries in the 1099. There has been no guidance on this issue after years of complaints. What Turbotax users need is step by step guidance not reference to the IRS tax code.
Most MLPS indicate that a Section 751 statement must be filed when the MLP is sold. There is no provision for providing such a statement in Turbotax or any guidance on the content of the statement.
With the popularity of MLPs in recent years it seems that TT would devote more time to providing straight forward and simple to understand guidance to users.
Usually it shows items 1-10 from units disposed to AMT basis adjustments. It's the same for nearly all the MLPs.
It would be helpful if Turbotax provided guidance on how to enter this information based on the table rather than referring to the IRS tax code and also how to avoid double taxation because of the entries in the 1099. There has been no guidance on this issue after years of complaints. What Turbotax users need is step by step guidance not reference to the IRS tax code.
Most MLPS indicate that a Section 751 statement must be filed when the MLP is sold. There is no provision for providing such a statement in Turbotax or any guidance on the content of the statement.
With the popularity of MLPs in recent years it seems that TT would devote more time to providing straight forward and simple to understand guidance to users.
What's great about it: Handles everything except MLPs well
What's not so great: MLP interview causes double taxation
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Rocked My Refund
on April 3, 2016
Posted by: Moski12
It was easier than I expected. The terminology wasn't that complicated and after answering the questions the computer put everything on the appropriate forms.
What's great about it: Not too complicated
What's not so great: Kind of long to complete it.
Written by a customer while visiting turbotax.intuit.com
Customer Rating
3
TAXES 2015 TURBO TAX REVIEW
on April 3, 2016
Posted by: ATLASTA
KEEPS ADDING MORE ITEMS THAT USER HAS TO PAY EXTRA FOR. IF YOU PAY FOR 5 FEDERAL RETURN VERSION YOU SHOULD GET 5 STATE RETURNS ALSO. TO INCLUDE 1 SIMPLE K1 FROM A FAR I NOW HAVE TO BUY THE PREMIUM INSTEAD OF THE DELUXE. AT A CERTAIN POINT THE DIFFERENCE TO PAY SOMEONE TO DO YOUR TAXES IS NOT ENOUGH TO KEEP BUYING TURBO TAX AND DOING THEM YOUR SELF.
What's great about it: SAVES TIME
What's not so great: KEEPS ADDING CHARGES FOR THINGS THAT HAVE ALWAYS BEEN INCLUDED
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Extremely easy to use
on April 3, 2016
Posted by: Sha49
I have been a Turbo Tax user since 1999. I find it has kept up with the times and is very easy to use.
It has all my tax records so even if I forget something it does not.
Very satisfied user.
It has all my tax records so even if I forget something it does not.
Very satisfied user.
What's great about it: Has my records from 1999, so if I forget it does not
What's not so great: I am happy with Turbo Tax so no Cons
Pros: I bought or sold investments
Written by a customer while visiting turbotax.intuit.com
Customer Rating
1
Turbo Tax crashed and I lost everything!!!
on April 3, 2016
Posted by: TurboBroke
After spending nearly 4 hours preparing my returns, TurboTax crashed. My documents were unable to be found after spending 45 minutes on the phone with the TurboTax helpline. I don't have time to waste a half day with nothing to show for it. Having used TurboTax for the last 15+ years I am very disappointed with this years version. Maybe it's time that I look for an alternative solution.
What's not so great: no auto save function; product crashed
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion), I moved
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Easy Peasy
on April 3, 2016
Posted by: NikoNacho47
I have been using turbo tax for well over 20 years and find it is the only way to go for Fed and State returns. Relatively fast and very through.
What's great about it: Interview process is easy and through
What's not so great: Search help is not as helpful as it could be
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Always Reliable
on April 3, 2016
Posted by: RosiesPosies
I would not hesitate to recommend Turbo Tax to anyone!
What's great about it: East to Use
What's not so great: None
Written by a customer while visiting turbotax.intuit.com