Customer Reviews for TurboTax - Business 2024 Federal Only + E-file - Windows [Digital]
Customer Rating
3
Good Enough
on March 31, 2025
Posted by: TTUser1001
Mixed experience. Form 1041 worked well enough because the return was simple. Two attempts to efile failed because of an unspecified "server problem". Third try 2 days later was successful, but it took a while so I was holding my breath. Form 1065 for our LLC can be clumsy. Entering basic income/expense is straightforward. Entering asset purchases, sales, and getting proper depreciation numbers can be hit and miss. I struggle with the balance sheet every year. No real help given in the program to figure out what is causing out of balance. In summary, I find TT Business has a much steeper learning curve than does TT Deluxe, for example.
Did my taxes, but I had some significant complaints. First, it won't e-file business tax extensions (and mailing them seems risky). Second, the question flow ignores some options that you are expected to just *know* will be issues (like whether a Member is an entity or whether the corporation is subject to PHC tax).
To complete a trust return using this version is not as easy as using the home & business for individuals. This trusts holds property and investments. There should be an easier way to enter and classify things like a required minimum distribution from an IRA or state tax refund. On 1099-B entries there is not a good way to enter accrued market discounts on a sale. The foreign tax credit input process is also challenging to maneuver. Just a number of things that are more difficult to complete compared to using the individual versions when preparing a trust return.
Pain in the neck ...this seems to be much worse than the "standard" TTax SW. No real-time view of Federal and State taxes. I had multiple issues when I could not update patches. My federal fiduciary was "manually" updated because I could not pay for it die to some SW glitch...
An effective application overall. Minor difficulty downloading MI fiduciary tax form (had to close and reopen TurboTax to make form appear on the State step-by-step page).
Turbo tax has always been a very good product, however it is ridiculous to pay for a NYC filing (4 forms which I found out I could easily downloaded from NYC tax site and hand filled) without even an ability to e-file in addition to paying for NYS filing. NYC is a part of NY State and should be included in NY State package. Please review and reply.