Robinhood Turbotax Discount 2023 (2024)

FAQs

How to get 20% off TurboTax? ›

Give a discount

Refer a friend to use TurboTax and they'll get 20% off filing their federal taxes online.

How do I get my TurboTax discount? *Robinhood customers must redeem this offer at http://turbotax.intuit.com/affiliate/robinh2 to receive a discount of up to $20 for TurboTax federal products.

If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic or TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income.

Whether you received a Robinhood tax form or a tax form from another investment institution, if you use TurboTax to prepare your tax return, you can import your investment information from hundreds of participating financial institutions.

Yes, and you'll want to because the losses reduce your taxable income (they'll cancel out an equal amount of gains).

Any time you have a capital gain from the sale of a stock or cryptocurrency, Robinhood will compile that information for you and provide you with an end of year tax document, called a Form 1099.

First off, be sure it is deemed worthless. Then, Report the valueless stock in either Part I or Part II of Form 8949, depending on whether it was a short-term or long-term holding. If an asset became worthless during the tax year, it is treated as though it were sold on the last day of the year.

The FTC said that TurboTax's “file FREE” claims misled people because most people didn't qualify for “$0 to file.” Except they only found that out well after they spent a lot of time putting all their info into the system. As a result, the FTC ordered Intuit to stop making false “free” claims.

TurboTax has new, higher pricing this year, and overall it costs more than other online tax prep services. Instead of offering four DIY products as it has in the past, there are three. Investment sales and rental property have been moved up to the highest tier, and the prices for the paid products have gone up by $10.

Why is TurboTax forcing me to use premium? ›

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040. If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.

TurboTax Premier has all the features of TurboTax Deluxe, but is also great for taxpayers with investment incomes, such as stock, cryptocurrency, bonds, ESPPs, robo-investing and income from rental properties.

TurboTax Free edition will not handle stock transactions. If you want to post the $10 stock transaction, you will have to upgrade.

Yes. Depending on the mix of your investments, you might have the option to enter "Sale Section Totals" saving you the time of entering each transaction. Below are some links that should be helpful. Here is a link for entering a large number of transactions using TurboTax.

Customers can check with their bank, credit union or insurance company. If they are a member of an organization that offers TurboTax discounts, they can access the site through a special link to get savings on their tax filing.

Select File from the menu to view the final steps before filing. Select Revisit next to Step 1 - You've chosen to deduct your TurboTax fees from your federal refund. Go to the Premium Services Benefits section and select Remove. Select Remove and Pay With Card.

Save up to 20% off with TurboTax—the #1 best-selling tax software. Start Now! Must be a AAA Member to receive discount.