Investments and Rental Property

Product Information

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.

It walks you through over 350 possible deductions based on your income, family and filing status. It lets you know how changes in your tax situation will impact your taxes along with ItsDeductible helping you accurately value donations.  TurboTax Premier will also walk you through sales of stocks, bonds, mutual funds and employee stock plans.  It includes cost basis guidance and tax-saving advice for IRAs and 401(k)s.  Accurately report rental property income and maximize rental property deductions.

The Cost Basis Lookup quickly tracks and calculates historical cost basis.  Lets you easily complete complicated gain/loss calculations right within TurboTax.  Ideal for stocks and bonds mutual funds, employee stock plans, rental income and expenses.  TurboTax Federal + State Home & Business also includes everything in TurboTax Deluxe.


New Features

• Get live answers online from TurboTax experts and other TurboTax users
• Audi Risk Meter helps you reduce your chance of an audit

• Easily import W-2 and 1099 information from over 100,000 companies
• ItsDeductible helps accurately value charitable donated items
• Cost Basis Lookup quickly tracks and calculates historical costs basis

Product Features

Step-By-Step Guidance

• EasyStep Interview walks you through your return and checks for errors
• Imports data from TurboTax, Quicken, QuickBooks and other tax software brands to save you time (Imports from QuickBooks version 2006 and higher. Does not import from Quicken Medical Expense Manager)
• E-file 

Maximize Your Deductions

• Deduction Maximizer Center covers over 350 deductions as you go - shows which you have taken and which you have not
• Easily handles changes in your tax situation and shows how they will impact your taxes

Investments and Rental Property

• Extra guidance for investment sales such as stocks, bonds, mutual funds and employee stock plans.
• 401(k) Maximizer shows how to increase contributions without decreasing take-home pay.
• Additional help for rental property income, expenses and refinancing.

Windows Requirements

• Windows 2000 SP 4, XP Home/Media Edition/Pro (32-bit), Vista (32-bit) Home Basic/Home Premium/Ultimate/Business (Administrative rights required)
• IBM or compatible 450 MHz 32-bit (x86) or faster processor
• 256 MB of RAM
• SVGA color monitors (high color-16 bit), 800 x 600 screen resolution (1024 x 768 recommended)
• Internet Connection: 28.8 Kbps modem or direct Internet connection (Broadband connection recommended)
• 2X CD-ROM Drive
• Microsoft .NET 2.0, Microsoft Windows Installer 3.0, Microsoft Internet Explorer 6.0, Adobe Flash Player 7.0, Adobe Reader 5.0, which are included and will be installed if not already on your computer.
• Any Windows-compatible inkjet or laser printer

Macintosh Requirements

• Mac OS X (10.4)
• PowerPC G3, Intel-based processor
• 256 MB of RAM
• 1024 x 768 screen resolution
• Internet Connection: 28.8 Kbps modem or direct Internet connection (Broadband connection recommended)
• 2X CD-ROM drive
• 255 MB for TurboTax
• Adobe Flash Player 7.0, which is included ad will be installed if not already on your computer
• Any Macintosh-compatible inkjet or laser printer