My taxes are of medium complexity and the cost of turbotax is significantly less than that of a professional tax preparation agency. Instructions are generally easy to follow and walk through is good. Some areas, i.e., adding 1099's could stand some extra clarification. I got stuck in a do loop for awhile in the 1099 G when I only had one and wanted to move on to a 1099 R. Instructions on how to handle IRA, i.e. Form 5498 are non existent. This program is, however, clearly superior to the closest competition. Biggest complaint is with additional charges...much like the airlines would take significantly less grief if they included luggage charges in the cost of the ticket, turbotax would take less grief if they included the cost of State e-file in the cost of the program.
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion)
I liked it though since it was my first time using Turbo Tax, it took a bit longer than expected. I did like the fact that it educated me along the way.
I have very little experience doing my Taxes. My wife used to do them so I didn't know what to expect The direction were clear and easy to follow and it took only the morning to do them .At this point I am pleased with the result.
The process of preparing tax return went about as well as you could hope. But when I went to file, it rejected my return because I needed to install updates first. I checked and did have updates. Applied and restarted, and went through the whole file process again. Rejected again. Check updates, and there's nothing available. Google pointed me towards Intuit instructions to completely uninstall, reinstall, reboot and try again. After doing all that (pain because this computer doesn't have a built-in optical drive) it did finally work. But filing has never been hard before, and that's most of the reason I've used TurboTax in the past.
I get a death benefit from ExxonMobil administered by Connecticut General and reported on Form 1099R.
There is a Gross Distribution & a Taxable amount reported on the Form 1099R.
It is NOT an IRA distribution, but Turbo Tax keeps trying to make it an IRA distribution & keeps asking about minimum distributions required for people over age 70 1/2.
Turbo Tax needs to modify its software for Form 1099R to accommodate Fortune 500 company defined benefits programs (retirement payments) & retirement payments made to surviving spouses under the defined benefits plan. These are not IRA distributions