Editorial Reviews
Product Description:
TurboTax Federal + State Premier 2007 is great for maximizing deductions, investments and rental property. It guides you step-by-step and checks for errors asking you question in plain English then puts your answers on IRS- and state-approved forms, double checks your return for errors, and then alerts you to audit risks to help you reduce your chance of an audit. Also includes everything in TurboTax Deluxe.
Amazon.com:
TurboTax Premier Federal + State 2007 guides you through your tax return, with simple-to-understand questions to help you finish and file your taxes. Find over 350 deductions, accurately value your investments, and account for life changes like retirement in order to get the largest tax refunds possible, guaranteed. If you need help, you can get advice from the Live Community with millions of taxpayers and experts ready to answer your questions. Get More Out of Your Investments
Whether you own stocks, bonds, mutual funds, rental property, or all of the above, TurboTax Premier helps you get your maximum refund – guaranteed.
Explore More Than 350 Deductions
Kick back and watch as we search your return for over 350 deductions, including mortgage interest, donations, and education.
When you sell investments, TurboTax Premier helps you accurately report your profit. We find your purchase price in just 3 easy steps.
Discover Your Most Profitable Depreciation Method
TurboTax Premier walks you through reporting depreciation of rental properties. We even show which depreciation method will get you the biggest deduction.
Find Over 20 Deductions for Landlords
From travel to advertising to insurance, TurboTax Premier uncovers every deduction for your rental property. Take a break while we do the handy work.
Increase Your 401(k) Savings
Boost your 401(k) contribution without hurting your paycheck. Choose to put your refund into your 401(k) plan and watch your interest grow.
Choose Easy
NEW. Reduce Your Risk of an Audit
Take comfort. TurboTax Premier shows you how unlikely your return is to catch the IRS’ attention. We arm you with proof for your claims and help protect you from any IRS penalties.
Import Your Investment Information
You don’t have to find your statements (or understand them. Import your investment info from thousands of financial institutions, including Merrill Lynch and Ameristar.
Easily Determine Capital Gains and Losses
It’s simple. TurboTax Premier finds your capital gains and losses automatically. It keeps track of those that carryover to future tax returns – year after year.
NEW. Learn from the Live Community
No research necessary. Just ask the Live Community questions and get answers for your situation. View advice from millions of taxpayers and experts right on your screen.
INCLUDED. Prepare Your State Return
Watch your federal info instantly transfer into TurboTax State. You’ll be half finished before you even start your state return.
Includes Everything in TurboTax Deluxe
Explore Over 100 Deductions for Life Changes
If you had an eventful year, congratulations. We’ll handle your new situation upfront so you can finish your return with confidence. Here’s how TurboTax Premier manages some of the possibilities:
Sold Investments
TurboTax Premier finds the original purchase price of investments you sold. We automatically factor in dividends and stock splits – along with mergers and acquisitions – to keep your taxable gains low.
Retired
It’s simple. We determine how the IRS will tax your investment distributions – as regular income or at the lower capital gains rate. Plus, we tell you if paying estimated taxes will keep more money in your pockets.
Rented Out Your Home
It pays to be a landlord. TurboTax Premier shows you how to claim your second home as rental property. Then we reveal 20 deductions for it, including travel, repairs, and insurance.
Benefited from an Estate or Trust
If a K-1 (1040) form landed in your mailbox, relax. It’s not as complicated as it looks. TurboTax Premier automatically calculates your taxes owed. Plus, we help you qualify for deductions, such as those for attorney fees and interest expenses.
TurboTax Premier also handles buying a home, selling your home, getting married, and having a baby.
Join the Millions Who Trust TurboTax
Relax. TurboTax is dedicated to protecting your personal and financial information. From the most advanced technology to our relentless Privacy Team, we have you covered.
Your Information Travels Safely
We protect your info like the Department of Defense protects theirs. Before you eFile, TurboTax encodes your information with the most advanced encryption technology. Only our computers can decode it, so you don’t have to worry about unapproved viewers.
Your Computer Stores Your Information
After you eFile, rest assured only you can access your return. TurboTax CD and Download products store your information right on your computer. You control it.
Our Commitment to You
Our Privacy Team’s only job is to guard you and your information.
Tax Forms
It’s not as bad as it looks. Here are just some of the forms that TurboTax Premier Federal + State fills out for you:
- Form 1040 Individual Income Tax Return
- Form 1040A Individual Income Short Form
- Form 1040EZ Individual Income Tax Return EZ
- Form 1040-V Payment Vouchers
- Form 1040X Amended Individual Tax Return
- Form 1099-DIV Dividend Income Worksheet
- Form 1099-G Certain Government Payments
- Form 1099-INT Interest Income Worksheet
- Form 1099-MISC Miscellaneous Income Worksheet
- Form 1099-MSA Medical Savings Account Distribution
- Form 1099-OID Original Issue Discount
- Form 1099-Q Qualified Education Program Payments
- Form 1099-R Distributions from Retirement Plans Worksheet
- Form 1116 Foreign Tax Credit
- Form 1310 Stmt of Person Claiming Refund
- Form 2106 Employee Business Expenses
- Form 2120 Multiple Support Declaration
- Form 2210 Underpayment of Estimated Tax
- Form 2210AI Annualized Income
- Form 2441 Child and Dependent Care Expenses
Plus tons more to get all of your taxes taken care of.