Quick Answer: Can I Share TurboTax With My Family?

Can TurboTax be used by multiple users?

You can complete and file tax returns using the TurboTax software for anyone, it is not limited to family.

However, you cannot use the software if you are being paid to prepare the tax returns as the software is not licensed for paid tax preparers..

Can I share TurboTax CD with a friend?

If I share my turbo tax cd with another person will they be able to access my tax information. When you complete your returns with a TurboTax CD/Download product, your returns are stored locally on your hard drive. This means if your friend is using a separate computer they won’t be able to access your returns.

Does TurboTax lower credit score?

Seeing your free credit score and credit report with Turbo won’t impact your credit score. Turbo’s credit inquiry request is called a “soft” inquiry, which means the request is only viewable by you. This type of request doesn’t affect your credit in any way, no matter how often you view your credit score.

Can you use the same TurboTax every year?

Yes… whether Desktop software, or Online Software, you have to purchase it every year. Exception: The Online “Free” version will let you file for Free …for Federal & State early in the tax year…or with a state charge if you wait too long (sometime in late Feb or March).

How many times can TurboTax be installed?

You can install TurboTax CD/Download on up to five different computers. Each installed copy can prepare different returns.

What’s the difference between TurboTax Deluxe and Premier?

Turbotax recommends the Premier Edition, which has all the features of Deluxe plus more tools to deal with investments and rental property, to people who have stocks and bonds or rental income. … It includes a simple way to enter income and expenses. It creates W-2 and 1099 forms for your employees and contractors.

How much does it cost to file with TurboTax?

A Quick Look at TurboTaxTurboTax Filing OptionsFiling OptionCostsTurboTax Free EditionFederal: Free State: FreeTurboTax DeluxeFederal: $60.00 State: $45.00TurboTax PremierFederal: $90.00 State: $45.001 more row•Jan 21, 2020

How do I download TurboTax on a second computer?

Launch TurboTax on the old computer. Open your tax return, click “File” and choose “Save As” from the menu.Transfer the backup to the new computer. If the software is already installed on the second computer, double-clicking the file opens it in TurboTax so you can continue working on it. Tip.More items…

Is it safe to share tax info with Intuit?

Yes. But before doing that, make sure that the information is actually requested by Intuit and is not an internet scam. Once you are sure about that, you can safely share it with Intuit.

Who does the IRS share information with?

The IRS shares taxpayer information with federal, state, and municipal government agencies with the goal of improving overall compliance with tax laws. The IRS is authorized by IRC section 6103(d) to disclose federal tax information to state and local tax authorities for tax administration purposes.

Is Intuit Turbo credit score accurate?

The score provided by Turbotax or the Turbo app is a “Vantage Score” based on data from TransUnion. It is not a FICO score but should be similar. (Also, there are about 56 different FICO scores, using different models and data inputs, so no one has just one official “credit score”.

Can I do multiple tax returns with TurboTax Online?

When you use Online TurboTax, you get one return per fee. … When you use Desktop TurboTax, which you install from a CD or download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software. You can e-file up to 5 Federal returns—more if you mail the additional ones.

Does TurboTax Deluxe include state?

Turbotax Deluxe gives you one free state preparation, but it still charges you to e-file said state preparation.

Can TurboTax be shared?

Yes, you can install and activate the same copy of TurboTax on three different computers. Note: When you activate the same copy of TurboTax on multiple computers, the maximum limit for the total number of tax returns that applies to your copy of TurboTax gets shared among your installations.

Can I transfer my TurboTax from one computer to another?

You can’t copy the software from one computer to another. You have to install it on the new computer from the CD or download for each year. You can copy your tax return data files to the new computer. They have the file name extension .