Which version of TurboTax would be most appropriate for someone claiming extensive itemized deductions?

Prepare for the Intuit TurboTax Level 1 Exam with comprehensive quizzes. Study with multiple-choice questions, explanations, and hints. Ensure your success on the TurboTax exam!

TurboTax Deluxe is the most appropriate version for someone claiming extensive itemized deductions. This version specifically includes features designed to assist users in maximizing their deductions, such as mortgage interest, property taxes, and medical expenses. It provides guidance on various itemized deductions and helps users organize their expenses effectively.

The Deluxe version often includes tools to walk users through the process of identifying and maximizing deductions, making it beneficial for those who have a lot of expenses to itemize. It also offers capabilities to help users compare their standard deduction versus itemized deductions, ensuring they can make the best choice for their tax situation.

While other versions, such as TurboTax Free Edition, are more suitable for simple tax returns without itemized deductions, TurboTax Self-Employed focuses on the needs of freelancers and self-employed individuals, which may not be necessary for someone primarily concerned with itemizing personal deductions. TurboTax Live provides access to a tax professional for assistance, but that may not be needed if the user feels comfortable navigating the deductions independently. Thus, TurboTax Deluxe emerges as the most suitable option for extensive itemized deductions.

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