![]() ![]() ![]() Some of the new features for self-employed include: With the rise of self-employed businesses and new creative ways to earn an income, TurboTax Self-Employed uses advanced import capabilities and artificial intelligence to guide customers through their self-employed taxes and Form 1099-K changes. Accurate Import of Cost Basis with Intelligent Tax Optimization: Intelligent Tax Optimization takes the work out of tracking down missing and accurate cost basis values and assures accurate reporting of capital gains and losses by importing your cost basis directly from your financial institutions and crypto exchanges into the correct forms.Guidance to Help Turn Investment Losses into Wins: TurboTax will help surface and guide you to use any unrealized capital losses you may have from prior years, improving your tax outcome and lowering taxes owed.Easy Import of Crypto Information from Digital Assets and Wallets: In addition to the automatic import of up to 10,000 stock transactions and up to 20,000 crypto transactions at once, if you are a crypto investor, you now can save time with the ability to import information from digital asset exchanges and wallets to automatically calculate capital gains and losses.Some of the new product features for investors include: With the growth in investors and market volatility, TurboTax is focused on helping investors efficiently and accurately report their investment gains and losses. *Simple tax returns only include W-2 income, limited interest and dividend income reported on a 1099-INT or 1099-DIV, hobby, personal property rental or personal item sales income reported on Form 1099-K, IRS standard deduction, Earned Income Tax Credit (EIC), Child tax credits and the student loan interest deduction. If you have a *simple tax return only and file by Mayou can get live help along the way and have your tax return reviewed before you file by a tax expert for free with the TurboTax Live Assisted Basic Offer. You can also get an expert final review of their taxes before they file. If you want help along the way, TurboTax Live Assisted gives you access to tax experts to help you complete your taxes, fix any mistakes, and explain what’s next. In addition to TurboTax Live Full Service, TurboTax is also launching TurboTax Online and TurboTax Live Assisted products where you can receive enhanced guidance and technological advances for crypto investments, stocks, self-employed and 1099-K income, giving you the confidence your taxes are done right regardless of your tax situation. If you are an Incorporated business owner with a multi-member LLC, S-corp, or partnership you will be matched with and can fully hand your taxes to a specialized tax expert experienced in the complexities of small business taxes. ![]() TurboTax will also expand to small business returns with the launch of TurboTax Live Full Service Business Tax in December 2022. Beginning January 2023, you can choose to go through a Spanish language Full Service experience – including fully translated shopping and onboarding experiences and get matched to a bilingual tax expert who will prepare, sign and file your taxes. In addition, Full Service will better serve the growing Hispanic population. An added bonus: you can even request to have the same tax expert do your taxes again next year. With Full Service, you get matched with an expert you get to know and trust, who can help you make the best decisions based on your situation. Specialized Self-Employed, Investor and Small Business, Tax Expertsįrom the start, if you are self-employed, own an incorporated small business or you are an investor, you will be matched with specialized tax experts experienced in your situation, who can optimize your tax savings and provide year-round guidance and savings strategies. You can hand your taxes off to a tax expert and be done in one meeting and get all of your questions answered in real time with the option to review everything before filing so you don’t have to wait and wonder about when your taxes will be done. Taking the pain and confusion out of gathering documents and data, you will get a quick call to help you easily organize your documents, start loading them into your secure tax hub, and match you to a dedicated tax expert.įull Hand Off and Taxes Done in One Session Here’s what’s new with TurboTax Live Full Service this year:
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