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TurboTax Deluxe + State 2023 + $10 Amazon Gift Card (PC/Mac Physical Disc) Expired

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Amazon has TurboTax 2023 Federal/State Tax Software (PC/Mac Physical Disc, Various) + $10 Amazon Physical Gift Card on sale at prices listed below. Shipping is free.

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About This Product
    Rating: (5 out of 5 stars)
    Reviews: 2 Amazon Reviews
    Product Name: TurboTax Deluxe + State 2023 + $10 Amazon Gift Card [PC/MAC Disc]
    Product SKU: B0CNB2JNDM
    ASIN: B0CNB2JNDM
    Brand: Intuit
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    Community Wiki

    Last Edited by tosaynet December 27, 2023 at 03:25 PM
    Deluxe Desktop does stock transaction downloads you do not need premier desktop. Deluxe ONLINE version doesnt handle stocks and you need Premier ONLINE for stock transactions. Intuit does this on purpose to confuse people.

    You might also have 6x cashback from your Amex card, if you are targeted: https://offer.love/?search=amazon.com

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    Because H&R Block and Intuit work very hard to make sure the government isn't allowed to do so.
    ·
    why can't the government just tell me how much i need to pay? wtf
    ·
    Yup! One word: lobbying.

    Gotta love our corrupt system, causing people to spend millions of extra dollars and God knows how many man-hours filing tax returns that really have no reason to exist in this day and age.
    ·

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    Joined Nov 2008
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    > bubble2 293 Posts
    59 Reputation
    sspone
    12-27-2023 at 09:05 PM.
    12-27-2023 at 09:05 PM.
    Thank you folks for sharing feedback about the Deluxe version. For years, I've bought the Premier only because I had stock/option sales and rental property depreciation to report.

    Can someone re/confirm that I can use Deluxe to:
    1. Import (and manually enter if one of my brokerage - e.g. Webull or Coinbase isn't supported) all my stock, option, or crypto sales?
    2. Does it include and handle sale of ESPP shares from my employer? They do report the discount on W2 and also send Form 3922 to calculate the adjusted cost basis
    3. Does it include and handle rental property depreciation? I have previous calculations from past years that are carried forward from Schedule E.
    4. Lastly, does it include and handle Profit or Loss from Business (Schedule C) & Qualified Business Income deduction from Form 8995/8995-A?
    Thanks in advance!
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    Last edited by sspone December 27, 2023 at 10:07 PM.
    Joined Nov 2011
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    > bubble2 133 Posts
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    kk1212
    12-27-2023 at 09:30 PM.
    12-27-2023 at 09:30 PM.
    Quote from nyforever :
    Deluxe should be able to import options trading from your broker directly (if Intuit has that connection with your broker). When trying to import, TurboTax will recommend you upgrade to Premier, but you can reject and it'll still import it for you. Only negative is that importing is all it'll do for you; if you need to make adjustments, you're on your own by going through the tax forms to make them yourself (vs the premier one providing guidance).
    What situatuion would you need a adjustment after importing?
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    > bubble2 293 Posts
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    sspone
    12-27-2023 at 09:32 PM.
    12-27-2023 at 09:32 PM.
    Quote from kk1212 :
    What situatuion would you need a adjustment after importing?
    Perhaps ESPP or Incorrect Cost Basis from previous Wash Sales not reported correctly?
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    Joined Nov 2008
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    > bubble2 293 Posts
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    sspone
    12-27-2023 at 09:35 PM.
    12-27-2023 at 09:35 PM.
    Quote from sspone :
    Thank you folks for sharing feedback about the Deluxe version. For years, I've bought the Premier only because I had stock/option sales and rental property depreciation to report.

    Can someone re/confirm that I can use Deluxe to:
    1. Import (and manually enter if one of my brokerage - e.g. Webull isn't supported) all my stock and option sales?
    2. Does it include and handle sale of ESPP shares from my employer? They do report the discount on W2 and also send Form 3922 to calculate the adjusted cost basis
    3. Does it include and handle rental property depreciation? I have previous calculations from past years that are carried forward from Schedule E.
    4. Lastly, does it include and handle Profit or Loss from Business (Schedule C) & Qualified Business Income deduction from Form 8995/8995-A?
    Thanks in advance!
    How much do they charge for upgrading from Deluxe to Premier after we start the return?
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    Joined Nov 2008
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    > bubble2 293 Posts
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    sspone
    12-27-2023 at 09:49 PM.
    12-27-2023 at 09:49 PM.
    Quote from HLMem :
    Because they do not know people's individual situations. Your Sch C income or deductions, money spent on childcare or gambling winning and losses, donations, etc.

    What most people are asking for is the government to guess based on incomplete information which would need to be updated and corrected for a vast majority of people. Therefore, the taxpayer doesnt save that much time as they would still need to review every input that was complete and accurate.

    What would actually end up happening is the government would end up sending out estimates and two things would happen. 1) Many people that do not want to spend the time with a program like TurboTax or the free ones would be ignorant of the deductions they should be receiving so they end up paying too much, or 2) many immigrants would overpay as because they would be too fearful challenging a government entity estimates.

    I am a CPA in California and work with a lot of low-income earners and having the government assume what a person should pay would be a disaster.
    There are plenty of countries in Europe that do this automatically and don't require its citizens to spend money and time to file their returns
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    Last edited by sspone December 27, 2023 at 09:53 PM.
    Joined Apr 2017
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    > bubble2 87 Posts
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    Laxgq6
    12-27-2023 at 09:57 PM.
    12-27-2023 at 09:57 PM.
    Why is business more expensive than home and business?
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    Joined Oct 2005
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    > bubble2 439 Posts
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    mk.list
    12-27-2023 at 11:25 PM.
    12-27-2023 at 11:25 PM.
    Quote from sspone :
    There are plenty of countries in Europe that do this automatically and don't require its citizens to spend money and time to file their returns
    How are gambling losses automatically deducted for eu returns?
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    > bubble2 16 Posts
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    HLMem
    12-27-2023 at 11:50 PM.
    12-27-2023 at 11:50 PM.
    Quote from sspone :
    There are plenty of countries in Europe that do this automatically and don't require its citizens to spend money and time to file their returns
    Those countries do not have all the same situations and same deductions and credits that the American tax system does. So, I hope you are not saying that you rather pay more in taxes by losing those credits and deductions just to save a couple hours once a year.

    Plus saying that those countries do not require their citizens to pay for filing is 1) funny because they commonly have additional taxes Americans do not pay, and 2) there are lots of free filing options for Americans.

    And when it comes to spending time, are you saying if the US government sent you a notice of how much more you may owe, you would just assume its accuracy and wouldnt spend any time questioning it one bit? Wow.
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    sspone
    12-28-2023 at 12:07 AM.
    12-28-2023 at 12:07 AM.
    Quote from HLMem :
    Those countries do not have all the same situations and same deductions and credits that the American tax system does. So, I hope you are not saying that you rather pay more in taxes by losing those credits and deductions just to save a couple hours once a year.

    Plus saying that those countries do not require their citizens to pay for filing is 1) funny because they commonly have additional taxes Americans do not pay, and 2) there are lots of free filing options for Americans.

    And when it comes to spending time, are you saying if the US government sent you a notice of how much more you may owe, you would just assume its accuracy and wouldnt spend any time questioning it one bit? Wow.
    No, I'm also implying that the US taxation system needs to be overhauled from scratch. All these deductions, credits, and many loopholes are just bandaids on bandaids on bandaids that have been applied for years and decades. Just needs to be simplified. For everyone. Yes, there should still be a way to override and appeal on the taxes automatically computed by the IRS and most people with simple returns would just accept them. But I do appreciate that companies such as Intuit, HRBlock, and many CPAs would fight tooth and nail to oppose such a drastic change to the system. So it is but my wishful thinking. Peace!
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    HLMem
    12-28-2023 at 01:01 AM.
    12-28-2023 at 01:01 AM.
    Quote from sspone :
    No, I'm also implying that the US taxation system needs to be overhauled from scratch. All these deductions, credits, and many loopholes are just bandaids on bandaids on bandaids that have been applied for years and decades. Just needs to be simplified. For everyone. Yes, there should still be a way to override and appeal on the taxes automatically computed by the IRS and most people with simple returns would just accept them. But I do appreciate that companies such as Intuit, HRBlock, and many CPAs would fight tooth and nail to oppose such a drastic change to the system. So it is but my wishful thinking. Peace!
    I see many people comment how the tax system should be simplified but simple means less child care credits, less education credits, etc. And that hurts people more than it helps.

    If you want taxes to be as simple for everyone given the millions of situations, the best way is to have programs that walk you through the process by asking questions to help identify what a person's situation is. Like it is now.
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    sspone
    12-28-2023 at 01:18 AM.
    12-28-2023 at 01:18 AM.
    Quote from HLMem :
    I see many people comment how the tax system should be simplified but simple means less child care credits, less education credits, etc. And that hurts people more than it helps.

    If you want taxes to be as simple for everyone given the millions of situations, the best way is to have programs that walk you through the process by asking questions to help identify what a person's situation is. Like it is now.
    I can understand how you as a CPA will oppose simplifying taxation because it may impact your TAM. But each of the things you've mentioned above can easily be simplified and automated. You have 2 kids, here's your child credit. You paid to a qualified daycare facility and have 2 kids that go there, here's your credit. You paid to and were enrolled in a qualified educational institute, here's your credit. Just as they have to do already, each of these recipient entities need to upload their side of transactions too so that all these can be automatically reconciled. Is it possible? Yes, most certainly. Here's an old episode from PBS News Hour that talked about it: https://www.pbs.org/newshour/show...nother-way

    But again, all this is wishful thinking and I don't think there's willingness in our Govt to do it - especially due to the lobbying by these companies and CPAs. Good luck for your tax season. Peace.
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    Last edited by sspone December 28, 2023 at 01:39 AM.
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    > bubble2 2 Posts
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    mayuresh_51
    12-28-2023 at 01:28 AM.
    12-28-2023 at 01:28 AM.
    Is the posted price after the 10$ Amazon credit.. for deluxe version I am seeing a 54.99$ price on Amazon
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    sspone
    12-28-2023 at 01:38 AM.
    12-28-2023 at 01:38 AM.
    Quote from mayuresh_51 :
    Is the posted price after the 10$ Amazon credit.. for deluxe version I am seeing a 54.99$ price on Amazon
    You missed the deal my friend. It was a one-day only deal, valid on Dec 27th. You can still get a similar deal at Costco but instead of the gift card you will get a $10 TurboTax credit.
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    j2ue
    12-28-2023 at 04:55 AM.
    12-28-2023 at 04:55 AM.
    Quote from mayuresh_51 :
    Is the posted price after the 10$ Amazon credit.. for deluxe version I am seeing a 54.99$ price on Amazon
    That is because this deal expired at 12am.
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    Joined Jan 2018
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    j2ue
    12-28-2023 at 05:06 AM.
    12-28-2023 at 05:06 AM.
    Quote from sspone :
    I can understand how you as a CPA will oppose simplifying taxation because it may impact your TAM. But each of the things you've mentioned above can easily be simplified and automated. You have 2 kids, here's your child credit. You paid to a qualified daycare facility and have 2 kids that go there, here's your credit. You paid to and were enrolled in a qualified educational institute, here's your credit. Just as they have to do already, each of these recipient entities need to upload their side of transactions too so that all these can be automatically reconciled. Is it possible? Yes, most certainly. Here's an old episode from PBS News Hour that talked about it: https://www.pbs.org/newshour/show...nother-way [pbs.org]

    But again, all this is wishful thinking and I don't think there's willingness in our Govt to do it - especially due to the lobbying by these companies and CPAs. Good luck for your tax season. Peace.
    I agree where you're getting at. But you're still looking inside the box with all these credits, deductions, loopholes, and things that generally complicate taxes. Why must we pay for something, then get money back from the government? Would it not be easier for the government to just subsidize these things at the source so we pay less up front and be done with it? No, we can't do that because capitalism. Our tax system is tied to our economic system, which is tied to our political system. This partly explains the improbability of any change happening anytime soon.
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