<p>Just a headsup if you are considering to buy TurboTax. I just downloaded TurboTax Deluxe as I have done for the last 10 years. I tried out using rough numbers for 2014 and TurboTax Deluxe won’t let me continue onto Capital Gains without upgrading to TurboTax Premier for another $30! I really don’t need the Premier. Deluxe version is already annoying with extra bells and whistles. In the past, they recommended Premier but allowed you to continue on without the upgrade. I’d prefer the Basic except that you’d have to buy State separately. So if you were like me and planned to get Deluxe although you have Capital Gains income, be warned.</p>
<p>You can still use the Schedule D in Deluxe, but without the interview guidance. And you won’t be allowed to e-file from Deluxe if you have a Schedule C, D or E.</p>
<p>I always use Tax Act.
It’s cheaper and I think more accurate.</p>
<p>I switched to “Forms” to type in the numbers myself. And all the forms had a heading “Do Not File” in red. I doubt I can file paper copies.</p>
<p>@emeraldkity4, I’d like to try Tax Act. Do they have a tryout version anywhere?</p>
<p>Is this really a final version of TurboTax? My preview version of Taxact puts “Do not file” on the forms but that’s because it’s a preview version. The final version of Taxact won’t be available until the first week of January. Once it opens up for use, you could try the free online version of Taxact to get a feel for the interface. Though my preview version of the downloadable Taxact has lost all it’s colors separating areas of the screen. I don’t like it if that’s how the final version is going to be in the future. Though that’s just a cosmetic thing. I’ve been very happy with Taxact for the 10 or so years I’ve used it.</p>
<p>I don’t know if it’s a final version. I would think the software will be updated. In the past, TurboTax didn’t have “Do Not File” on the forms ever.</p>
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Time to switch to other tax program.</p>
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<p>Free basic version for federal income tax. Deluxe version and/or state income tax calculation is extra cost. Both download and web versions are available.
<a href=“http://www.taxact.com/taxes-online/free-online-tax.asp?s=STD”>http://www.taxact.com/taxes-online/free-online-tax.asp?s=STD</a></p>
<p>Aw, man, I love TurboTax. But I always use Deluxe, and we have 2 schedule Cs. This is bad news indeed!! 
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<p><a href=“http://www.amazon.com/review/R2SLA4PUGVN531”>http://www.amazon.com/review/R2SLA4PUGVN531</a>
This review of TurboTax by Bob Meighan, a TurboTax VP, explains the changes. He is clear about the fact that you can still use the Forms Mode in Deluxe to complete Schedule D. You just don’t get the guidance (which you may or may not need) and you can’t E-file.</p>
<p>I don’t need guidance and switched to Forms but Forms have this “Do Not File” printed in red. Unless they remove that, I couldn’t do paperfile, either.</p>
<p>Igloo, the reason they have “do not file” is simple: the tax forms have not been finalized yet by the IRS itself.</p>
<p>Wait for the update that should happen early next year. </p>
<p>never mind.</p>
<p>Remind me…what ARE those schedules that turbo tax isn’t allowing for efile? Not the letters…the titles.</p>
<p>The final version of the tax prep software programs wont be available until the end of January…if past experience is any indicator.</p>
<p>Sch. D - capital gains.
Sch C - self employment. </p>
<p>One is sales of property, meaning capital gains income. There are a couple others.</p>
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<p>That could be except they didn’t have that last year this time. I don’t think IRS was any readier last year.</p>
<p>There was usually a general disclaimer that said “not a final version”. You can’t file anyway. Wait for the update. </p>
<p>I have been using TaxAct and TurboTax for about a decade and there are good and bad parts to both. I think that both are not especially adept at treating the deductible education expenses and income correctly. I always did overwrite the entries and used statements to reconcile my entries to the reports filed by the school and the scholarship organizations. As usual, however, what was true in my case might be just the opposite for others. By the third year, everything was smooth! </p>
<p>I tend to start everything with TaxAct and buy the more expensive TurboTax after April when there is a flood of cheaper version sold online. The cost to file the federal part has never been a problem but it so happens that filing for the state tax is more expensive, and especially when the package only comes with one state filing. There is a way around this by loading several copies but it is just easier to pay and waste less time. All in all, I like TaxAct a bit better but that must be a matter of personal preferences and living in the Intuit ecosystem. </p>
<p>For the past years, I also splurged for 1065 software, and this year I thought to be smarter and DYI with the IRS forms. That was a bad mistake as I forgot one simple entry and the IRS came back with a vengeance and huge penalties at $195 per month per partner. Although there is a close to 100 percent chance the penalties will be abated, I learned my lesson and the cost of using software and paying the fees are well worth it. Live and learn! </p>