TurboTax Premier Federal + e-File + State 2010 - Review

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TurboTax Premier Federal + e-File + State 2010 - Review
As a long-time Turbo Tax user this year I decided to splurge on Turbo Tax Premier to see if the rental sections were of value. They weren't much benefit over the standard version, and more to the point the section on retirement did not have any options to enter a transfer from a traditional to a Roth IRA. OK, perhaps not the most common item but not the most uncommon. After hours or wasted time with online chat with representatives not only clueless, but unwilling to admit they were clueless, I phoned support. These people were very eager to help but also clueless. I purchased this product in December so that I could know how much estimated tax to pay - it told me unbelievably I had a credit. I disbelievingly paid estimated taxes anyway, and just hope it is enough so that I am not fined by the IRS.On the phone I was informed that they knew there was a problem with the Premier product with this and that it would be fixed on Jan 22nd. Apparently it was, but only with the online version. Turbotax knows who has registered as having purchased the Premier version - why could they not notify those people who have registered with them?
Sigh...... In short, the product has glitches.TurboTax Premier Federal + e-File + State 2010 - Overview
TurboTax Premier was designed to help you make the most of your investments and rental property deductions, so you get the biggest tax refund possible. Premier double-checks for accuracy to ensure your taxes are done right, and includes a free Federal E-File.

Everything you need to do your taxes with ease.
Helps You Get the Most from Your Investments
Imports Your Investment Info
Saves time by automatically importing your investment info directly from your financial institution.

Helps You Accurately Report Investment Sales
Walks you through reporting sales of stocks, bonds and mutual funds. Automatically calculates capital gains/losses and keeps track of those that carry over to future tax returns.

Determines Your Cost Basis
Finds your accurate purchase price for stock sales, in three easy steps.

Helps with Employee Stock Plans
Guides you through reporting sales and automatically determines your correct basis for selling shares purchased at different times or different prices.

401(k) Maximizer
Shows you how to increase your 401(k) contribution without decreasing your take-home pay.

Helps You Find Every Rental Deduction
Finds over 20 deductions for landlords, from travel to advertising to repairs to insurance.

Shows Your Best Rental Depreciation Method
Simplifies reporting rental property depreciation and shows which depreciation method will get you the biggest tax deduction.

Maximizes Refinancing Deductions
Guides you through deducting points, appraisal fees, recording costs, and more so you don't miss a single chance to save.

Helps with New Rental Properties
Shows you step by step how to set up new rental properties.

Finds All Tax Deductions and Credits You Deserve to Get Your Biggest Refund
Maximizes Your Tax Deductions
Asks simple questions about your income, family situation and changes in your tax situation and credits. Then, based on your answers, searches for more than 350 deductions and credits to get you the biggest tax refund-guaranteed.

Looks for Deduction Opportunities as You Go
Shows you which deductions you've taken. Which deductions you haven't. And tells you how to qualify for just about any deduction, so you don't miss any opportunities to save.

Gets You the Maximum Deduction for Donations
ItsDeductible (included) helps you accurately value items you donate to charity-no more guessing. Plus, it tracks other donations such as cash, mileage and stocks, to help you get every charitable deduction you're entitled to.

Handles Your Life Changes
Changed jobs? Got married? Bought a home? Had a baby? TurboTax guides you through common life changes, explains how the changes will impact your taxes, and tells you what you can deduct.

Helps with Medical Expenses
Does all the math and tells you if you qualify to deduct your medical expenses for maximum tax savings.

Helps You Reduce Audit Risk
Tracks Your Audit Risk Audit Risk Meter checks your tax return for common audit triggers. Shows whether your risk is high or low. And provides tips to help you reduce your chance of an audit.
Includes Downloadable Audit Support Center
Gives you step-by-step guidance on everything you need to know and do if the IRS contacts you.

Also Available: Audit Defense
Provides full-service representation by a trained tax professional. You will never have to meet with the IRS, unless you want to.


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