Customer reviews from turbotax.intuit.com
Intuit - TurboTax Premier Federal & State Returns + Federal E-File 2014: Investments and Rental Property
Average customer rating
4.3
(16,551 Reviews)
Rating breakdown 16,551 reviews
5 Stars
8,957
4 Stars
4,883
3 Stars
1,492
2 Stars
745
1 Star
474
Customer Reviews for Intuit - TurboTax Premier Federal & State Returns + Federal E-File 2014: Investments and Rental Property
Customer Rating
5
excellent
on April 14, 2015
Posted by: islanddrifter
We found the turbo tax much easier to follow then last year, and a lot easier to find and correct mistakes.
What's great about it: easy to follow
What's not so great: none
Written by a customer while visiting turbotax.intuit.com
Customer Rating
4
on April 14, 2015
Posted by: Corvair1962
Good software for most investors, but may lack enough power to handle K-1's. In the past I and others have had trouble with Turbo if I have K-1's from LLPs, especially oil and gas drilling LLPs. Also did not allow for all situations where federal interest is state exempt. This means when filling out the federal return no flags were sent on to the state return to ask for the state-exempt interest. So, one has to dig a bit to find how to get to CA Schedule 540 where this is done. Having said that, the Help Community was able to guide me.
What's great about it: Federal Return easy to prepare, but did not flag some interest taxed on the federal level but was CA-exempt.
What's not so great: CA return had some special situations that were not easily found. In the end with help from the community I was OK.
Pros: I bought or sold investments
Written by a customer while visiting turbotax.intuit.com
Customer Rating
4
Eases the pain...
on April 14, 2015
Posted by: Anonymous
TT is great to come back to year after year; lots of imports and great links with financials and investments to make the task easier. Need the Home & Business version for Macs, though.
What's great about it: Love the guidance
What's not so great: No TT Home & Business for Mac
Pros: I bought or sold investments
Written by a customer while visiting turbotax.intuit.com
Customer Rating
4
Time for some updates.
on April 14, 2015
Posted by: JakeinDC
While TurboTax gets the job done, there are some glitches that need to be fixed. First, with a partnership K-1, form 1065, TurboTax allows us to identify only one situation in which a partner without material participation can have non-passive investment income; namely, working interests in gas and oil. However, there is a second situation, which TurboTax needs to include in future versions. There is also non-passive income without material participation in the case of a partnership or S corporation actively trading stocks and bonds for the account of the taxpayer. In this case, the losses or income are non-passive under Reg. § 1.469-1T(e)(6). Losses or income from an entity which trades in stocks and bonds belong in the non-passive column of Schedule E. Therefore, you need to add a question about this along with the question about oil and gas working interests in the Form 1065 section. These are the only two situations that allow non-passive investment income or loss without material participation. TurboTax covers only one of them.
Secondly, on Form 1116, when figuring how much of investment interest expense to allocate to foreign income, TurboTax, in its worksheet, requires taxpayers to know their total investment assets and assets generating foreign income. However, for partners who possess less than 10% of the assets of a partnership, it is only required to allocate interest expense on the basis of income, not assets. Generally, the amount of assets producing foreign income are not provided by the partnership and cannot be determined by the partner. TurboTax needs to take this into account. The IRS does.
Secondly, on Form 1116, when figuring how much of investment interest expense to allocate to foreign income, TurboTax, in its worksheet, requires taxpayers to know their total investment assets and assets generating foreign income. However, for partners who possess less than 10% of the assets of a partnership, it is only required to allocate interest expense on the basis of income, not assets. Generally, the amount of assets producing foreign income are not provided by the partnership and cannot be determined by the partner. TurboTax needs to take this into account. The IRS does.
What's great about it: I know TurboTax well. Most situations are covered.
What's not so great: There are problems with K-1 and Form 1116.
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Always easy
on April 14, 2015
Posted by: DrinknTax
I love to be able to compare to last years numbers. Easy step by step data entry. Confident feeling while completing my taxes
What's great about it: Very easy step by step
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Great Tax Software
on April 14, 2015
Posted by: Kent57
Turbo Tax is a great tax software program. It is easy to use, accurate, and reliable. I have been using Turbo Tax for over ten years and it has never failed to work properly. I appreciate the volumes of reference information available regarding tax questions and issues. Overall a very good tax preparation program. I would strongly recommend this software for anyone wanting to file their taxes without going to a tax professional.
What's great about it: Easy to use, accurate & reliable
What's not so great: Extra filing fees for state taxes sent electronically
Pros: I bought or sold investments
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Smooth Sailing
on April 14, 2015
Posted by: JenHall
Third year in a row, and I appreciate the opportunity to use Turbo Tax!
What's great about it: Love the fact that this software walks me through the process step by step.
What's not so great: None
Pros: I moved
Written by a customer while visiting turbotax.intuit.com
Customer Rating
5
Easy Breezy
on April 14, 2015
Posted by: jonifeld
Love how my investment income is easily imported and all information from last year pops right up.
Written by a customer while visiting turbotax.intuit.com