I've been using TurboTax for my investment income for about 5 years now, and I can confirm that Deluxe absolutely handles 1099-B stock sales without any issues. The main thing to understand is that both Deluxe and Premier include the same core tax forms - Schedule D and Form 8949 - which are what you actually need for reporting stock transactions. Premier is really targeting people with more complex situations like rental properties, business income, or those who want extra hand-holding with investment guidance. But if you're just dealing with regular stock sales from a major brokerage (Schwab, Fidelity, Vanguard, etc.), Deluxe has everything you need. I made the switch from Premier to Deluxe three years ago specifically to save money and haven't had any problems. The import process works the same way, the calculations are identical, and you get the same accurate results. The $30 savings adds up over time too! My suggestion would be to start with Deluxe this year and see how it goes. If you somehow run into limitations (which I doubt you will), you can always upgrade mid-process and TurboTax will just charge you the difference.

I switched from Premier to Deluxe last year specifically for this reason and it worked out great! I had about 15 different stock transactions on 1099-B forms from Schwab and E*TRADE, and Deluxe handled everything perfectly. The import feature worked smoothly and all the calculations were correct. The key insight I learned is that TurboTax includes Schedule D and Form 8949 in both versions - Premier just adds extra explanations and guidance that most people with basic stock sales don't really need. If you're comfortable navigating tax software and your transactions are straightforward (no complex wash sales, exotic options, etc.), you'll be fine with Deluxe. One thing that helped me feel confident about the switch was using TurboTax's online preview feature. You can start entering your information without paying and see exactly which forms it generates for your situation. This way you can verify Deluxe has everything you need before committing to purchase. Saved myself $30 and the filing process was just as smooth as with Premier. Definitely recommend giving Deluxe a try first!

Great question! Since your federal information hasn't changed at all, you're absolutely right that you don't need to file an amended federal return. The W-2C correcting only state information (removing the incorrect Colorado reporting) doesn't impact your federal tax liability or withholding. Just make sure to keep that W-2C with your tax records - it's important documentation that explains why there might be a discrepancy between what was originally reported and what's in the government's systems after the correction is processed. Since you never actually worked in Colorado and didn't file a Colorado return, you're in good shape. The correction just cleans up the erroneous reporting on your employer's end. No action needed on your part beyond keeping good records!

I went through almost the exact same situation last year! Got a W-2C after filing that corrected state information while leaving all federal numbers unchanged. Like others have confirmed, you definitely don't need to amend your federal return. One thing I learned from my tax preparer is that employers are required to send corrected forms to both you AND the Social Security Administration within 30 days of discovering the error. So the government systems will automatically be updated with the correct information - you don't need to do anything to notify them. The peace of mind is worth keeping that W-2C in a safe place though. I actually scanned mine and saved a digital copy too, just in case the paper copy gets lost over the years. Better safe than sorry when it comes to tax documentation!

Has anyone used TurboTax to report these kinds of sales? I'm wondering if it handles personal items sold at a loss correctly or if it automatically assumes everything on a 1099-K is taxable income.

Great question! I was in a similar situation last year when I sold some old electronics and jewelry. The key thing to remember is that when you sell personal-use items (like your watch and camera) for less than you originally paid, there's no taxable gain to report. Since you're selling at a loss, the IRS doesn't consider this taxable income. However, keep good records of your original purchase prices and sale amounts just in case. If you sell on eBay and your total sales for the year exceed $600, you'll receive a 1099-K form, but you can still report these as personal items sold at a loss on your tax return. The location where you sell (eBay vs private sale) doesn't change the tax treatment - what matters is that these are personal items you owned and used, not items you bought specifically to resell for profit.

This is exactly the kind of situation where getting the W4 right makes a huge difference! As someone who works in tax preparation, I see this scenario all the time with newly married couples. Since you and your wife have very similar incomes ($95k and $91k) and each only have one job, you're in the perfect situation for option 2(b). Both of you should check this box on your respective W4 forms. This tells both employers to withhold at the higher single rate rather than the lower married rate, which helps account for your combined income pushing you into higher tax brackets. One thing I'd definitely recommend is running your numbers through the IRS Tax Withholding Estimator after you both submit your updated W4s. Since you got married in October, you'll have had single withholding for most of the year, which might mean you need less additional withholding than couples married all year. And yes, married filing jointly will almost certainly be better for you financially than filing separately - the standard deduction is higher and you'll have access to more credits and deductions. At your combined income level (~$186k), you won't hit the marriage penalty thresholds that affect higher earners.

Great thread everyone! As someone who went through this exact same situation last year, I wanted to add a few practical tips that might help Sean and others in similar situations. First, definitely go with option 2(b) as others have mentioned - it's perfect for your income levels. But here's something I learned the hard way: make sure you BOTH submit your updated W4s around the same time. I updated mine in January but my spouse didn't get around to updating theirs until March, and it threw off our withholding calculations for those two months. Also, since you got married in October, you actually have a slight advantage. The single withholding you both had for the first 9+ months of the year was probably higher than what you'll need as a married couple, so you might not need as much additional withholding as couples married all year. One last tip - set a calendar reminder to review your withholding again in January 2026. Your first partial year of marriage is always a bit of a learning experience, and you'll want to adjust based on how things actually played out when you file your 2025 return. The peace of mind of getting your withholding right is totally worth the effort upfront!

Anybody know if net investment income is also subject to the additional Medicare tax? I'm in a similar MFS situation but also have some investment income.

Just wanted to add a practical tip for anyone dealing with this situation - if you know you're going to owe Additional Medicare Tax because of the withholding/threshold mismatch, consider making estimated tax payments throughout the year to avoid underpayment penalties. I learned this the hard way when I was MFS and earning around $160k. Even though my employer wasn't withholding the additional Medicare tax (since I was under $200k), I still owed it at the $125k threshold. The IRS hit me with an underpayment penalty because I didn't make quarterly payments to cover the gap. You can use Form 1040ES to calculate and make these payments online. It's much easier than dealing with a surprise tax bill and penalty in April.