TurboTax Premier 2004 [Old Version]

by Intuit

Product Features

• Tax preparation software with step-by-step guidance and free electronic filing
• Help and advice for investments, Schedule C businesses, and rental property
• Extra guidance on business asset depreciation and home-office deductions
• Assistance with reporting stocks, bonds, and mutual funds
• Maximize 401(k) contributions without decreasing take-home pay

Product Details

• Shipping Weight: 7.2 ounces
• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B00062AKWK
• Item model number: 292582
• Date first available at Amazon.com: November 5, 2004
• Average Customer Review: 2.6 out of 5 stars  See all reviews (33 customer reviews)
• Amazon Best Sellers Rank: #5,025 in Software (See Top 100 in Software)

Product Description

From the Manufacturer

Good news for TurboTax customers who need extra help with investment, r ental property, or self-employment taxes. We've combined TurboTax Premier and T urboTax Premier Home & Business into a single product called TurboTax Premier.

TurboTax Premier software provides step-by-step guidance plus more help and adv ice for investments, Schedule C businesses, and rental property. Get help for r eporting stocks, bonds, and mutual funds, advice for depreciation and other bus iness deductions, and tips for reporting rental income. Plus, the software doub le-checks for accuracy so you can be confident your return is done right.

Key Advantages:

• Helps you maximize 401(k) contributions without decreasing take-home pay
• Extra guidance on business asset depreciation and home-office deductions
• Special assistance with depreciating and re-financing rental properties
• Includes one free electronic filing after mail-in rebate

Detailed Features:

• Free electronic filing after mail-in rebate is included with TurboTax Premi er. E-filing is the easiest way to file your return, the fastest way to get any refund you may be due, and the only way to get an IRS receipt confirming your return has been officially filed. One 1040 e-filing is yours FREE after rebate.

For Your Investments (Schedule D)

• Improved! Cost/Basis Expert: walks you through calculating your basis for e ach trade, including single and multiple purchase lots, FIFO reporting, average cost reporting, and more.
• Updated! 401(k) Maximizer: use this valuable tool to discover how to increa se your 401(k) contribution without decreasing your take-home pay.
• New! Quick Entry for Investments: delivers a shortcut interview for multipl e investment entries.
• Improved! Help with Stock Options: includes guidance for reporting sales on Non-qualified Stock Options (NQSOs), Incentive Stock Options (ISOs), and Emplo yee Stock Purchase Plans (ESPPs).

For Your Schedule C Business

• Updated! Expense Expert for Business: shows which expenses you can--and whi ch you can't--deduct for your home office, travel, advertising, insurance, inte rest, vehicles, and more.
• Improved! Depreciation Expert for Business: let the Depreciation Expert gui de you through calculating and reporting depreciation of your assets step by st ep.
• Updated! W-2/1099 Reporter: Easily prepares W-2 and 1099-MISC forms for emp loyees and contractors--performing all the calculations and printing on plain p aper (available on Windows version only).
• Updated! Home Office Guidance: helps you determine if you qualify for the h ome-office deduction--and if so, gives you the advice you need to maximize it.

For Your Rental Property (Schedule E)

• Improved! Refinancing Expert for Rental Property: enhanced interview helps you maximize your refinancing deductions--including points, appraisal fees, rec ording fees, loan costs, and more.
• Improved! Expense Expert for Rental Property: learn which expenses you can- -and which you can't--deduct, like travel, advertising, insurance, and transpor tation.
• Improved! Depreciation Expert for Rental Property: Guides you through calcu lating and reporting depreciation of your property and related assets. It even automatically determines the best depreciation method for your situation.
• New! Quick Entry for Rental Property: shortcut interview makes it easier th an ever to input data for multiple rental properties.

Product Description

TurboTax Premier software guides you through your ret with more help for investments, Schedule C business, and rental property. TurboTax Premier provides help when you need it for reporting stocks, bonds, mutual funds and employee stock plans. It offers advice for depreciation and other business deductions. And it gives tips for reporting rental property income as well as depreciation and other deductions. TurboTax Premier easily prepares and prints W-2 and 1099-Misc forms for employees and contractors (Windows only). The software double-checks for errors, overlooked deductions, and audit flags so you can be confident your taxes are done right, every step of the way.

Customer Reviews

Most Helpful Customer Reviews

94 of 101 people found the following review helpful:

4.0 out of 5 stars Highly Recommended for Complex Tax Situations, January 15, 2005

By 

William Perez "About.com Guide to Tax Planning" (San Francisco, CA United States) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Premier 2004 [Old Version] (CD-ROM)

Highly recommended for its well-written tax interview. Especially recommended for people who are self-employed or who have rental income. My biggest complaint is how long it takes to prepare a tax return on TurboTax Premier.

Clean user interface and understandable questions makes Turbo Tax easy to use. Generally, I get so fed up with interview-style questions that I switch to the forms mode and just avoid the interview altogether. The Turbo Tax interview, however, kept me so occupied answering questions that I didn't even think about switching to the forms mode until after the fact. I was very impressed with Turbo Tax's "Fair Market Rent Expert" tool for calculating the fair market rent of a rental real estate property.

My biggest complaint is the amount of time it took for me to complete a tax return. I measured the time starting from the moment I put the CD-ROM in the computer, so the time includes installation and tax preparation. It took me a little under one hour to complete a very simple tax return (53 minutes). A complex tax return took a little under two hours (1 hour, 54 minutes).

72 of 85 people found the following review helpful:

2.0 out of 5 stars Good basic functionality but poor value..., January 3, 2005

By 

sir_isaac_newton (UK) - See all my reviews

This review is from: TurboTax Premier 2004 [Old Version] (CD-ROM)

Each year it gets a little more cluttered with advertising, & licensing garbage. Also, there are too many different products making it difficult to choose the right one each year -- wish they would just sell one product that did the job!! The software also seems a little less helpful each year. The "Deluxe" , "basic" & "Premier" software should be replaced by a single product -- this wasteful marketing (including various mail-in offers, etc.) just makes extra pointless work for all of us. The Premier verion is greatly overpriced and offers little beyond the basic and Deluxe models to justify its existence ... all of the functionality listed for this model should be included in the basic product.

26 of 29 people found the following review helpful:

3.0 out of 5 stars Does not include State forms, January 26, 2005

By 

J. Brown "JSB" (marin) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: TurboTax Premier 2004 [Old Version] (CD-ROM)

The instore TurboTax Premier usually includes State forms for the price. This version from Amazon does not. I should have
read the details a little closer.