Customer Reviews for TurboTax - Business 2024 Federal Only + E-file - Windows [Digital]
Customer Rating
3
TurboTax is OK, but spent hours on work around
on February 28, 2026
Posted by: IseTrader
from TX
I'm a professional trader and needed to use form 4797 to report my trading profit / loss as ordinary income. However, after hours of seemingly being forced to tie depreciation to the profit / loss, I gave up and just used "Other Income" to convey my ordinary income through trading. Can't you guys put a "no depreciation" option in there so professional traders can correctly report their profit / loss.
Federal product is fine, no issues. State Product (CT 1065 return) was a waste of money that wasn't able to be used. Specifically, the software doesn't seem to support the CT-PET filing which required me to use CT's online portal to file the return in lieu of Turbotax.
I have always used the desk top version of TT Business and was able to talk to a tax adviser and this year this was not possible. I was told to schedule an on-line video meeting which I did and the tax adviser never showed up for the meeting - 3 times with 3 different advisers - and no one ever called me to tell me what the issue might be. When I finally was able to get an answer with regards to my question and finish filing my taxes I was not able to see all of the Schedule K-1 attachments - the 1120S was not in the preview - and it appears there is an error that I will have to meet with an accountant after tax season to see how we can fix. It will not affect any taxable income.
We ran into a road block for the second year which prevented us from being able to file our state taxes electronically. The error was Form 403D - Section 2 - special apportionment section. It wants us to check a box but we don't belong to the specialized category or industry (e.g. we are not a bank, railroad, or wholesale distributor)