#Turbotax home and business 2020 software#
#Turbotax home and business 2020 professional#

Strategies for real estate professionals - Determines if a taxpayer qualifies as a real estate professional and can deduct losses from real estate activities against ordinary income and whether the net investment tax applies.** Coming soon Net operating loss carryforward. Worksheets experience - Answers questions to evaluate if a client may qualify for items such as business use of home, business and personal travel, or day trader status.

Visibility into tax savings and net out-of-pocket calculations - Provides more visibility to tax fields impacted by a strategy and details about the calculations to help users more confidently implement tax saving strategies and explain values to clients.

Smarter recommended strategy insights - Adds new strategies to client plans offering updated insights based on that strategy resulting in a more customized tax plan.

All taxable states are now within reach, and for California and New York, potential adjustments are also available. Switch between federal and primary state modes and adjust income, deductions, credits, estimated payments, and create custom strategies for the upcoming year for more precise state planning.

State Tax Analysis and Projections - Expands capabilities that include primary state returns, in addition to federal returns.

Client OneView - Allow previews up to 5 clients simultaneously and gain insights into potential tax savings, the number of probable strategies, and the potential strategies for each client to create a personalized tax plan for each client with confidence.

Intuit is dedicated to actively listening to our customers and improving our products regularly based on accounting professional’s feedback. “We are committed to providing the best resources to tax and accounting professionals so they can focus on what matters most today, while investing in solutions that will power the future of the profession.”

#Turbotax home and business 2020 software#

“At Intuit, we are constantly striving to innovate our tax preparation software and develop new tools and capabilities to help our customers save time and maximize their success,” said Jorge Olavarrieta, VP of Product Management and Design at Intuit. The Tax Year 2023 product updates offer enhanced reporting capabilities, strategies, and streamlined workflows, while also providing accountants with access to new tax-related insights, advisory strategies, and reports to help firms achieve their goals. Intuit Accountants offers a range of products and services to help tax and accounting professionals stay ahead of the curve. Today, Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, is announcing its latest updates to products and services including Intuit Tax Advisor, Intuit ProConnect Tax, Intuit Lacerte Tax, and Intuit ProSeries Tax, for the upcoming tax year. Unlock the Latest Tools and Technology to Ensure Tax Season Success