TurboTax Income Tax Software And Stock Options
TurboTax software does a great job making filing taxes easy.
TurboTax Deluxe will handle form 1040 as well as schedule A deductions including investment income.
Oddly TurboTax Deluxe does not handle stock options which are fairly common nowadays.
Those who need to claim taxable income from NQ or ISO stock options will need to use TurboTax Premier which can handle form 1040,schedule A and stock option income.
As a bonus
TurboTax Premier also does a great job with Schedule C income from a
I actually ended up returning TurboTax Deluxe when I found out it would not cover my stock option income. Lucky for me I received a free TurboTax state download included in my TurboTax Premier package so everything worked out.
For those with stock option income the key
is to buy the correct version of TurboTax software to fit your situation,
and in this case, TurboTax Premier is the one you need.
What are stock options? Why are companies offering them?
Are employees guaranteed a
profit just because they have stock options? The answers to these
questions will give you a much better idea about this increasingly
© Website Copyright Protected All Rights Reserved