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Level 1
posted Feb 15, 2023 7:03:53 PM

Which version of TurboTax do I need when I have partnership T5013 income?

Years ago I invested in a strip mall: I think my portion is less than 1% of the mall.

Anyway - because of that I receive a T5013 form every year to describe my income from this partnership.

This is the only T5013 I ever receive.

I also have employment income (T4), and other investments (T3, T5, etc).

My financial planner once advised me I need to get TurboTax Premier because of the partnership income but after a few years it seems like overkill.

Can I switch to using TurboTax Standard this year - in other words will it allow me to punch-in the numbers from my T5013?

Thankyou - I look forward to some help with this question.

0 1 608
1 Replies
Moderator
Feb 17, 2023 11:38:27 AM

If you are using TurboTax Online, you would have to use Premier. 

 

If you want to use TurboTax CD/Download (for Windows 10/11), then we recommend using Premier, but you can use any version, including Standard. They all have the T5013 form included.