You'll need to sign in or create an account to connect with an expert.
Yes, TurboTax Deluxe can handle your IRA and retirement accounts. You would receive a Form 1099-R for any withdrawals from your account.
TurboTax Premier would only be necessary if you have other investment sales (i.e. a regular brokerage account and you sold stocks) or rental property (which you already said you don't have).
You should have received a 1099-R for any retirement withdrawals and those would be handled by the Deluxe. As long as the sales of stock were within the retirement account, then they aren't reported as investment sales so you would be fine with Deluxe.
I mentioned stock sales just because you mentioned rental properties so I wanted you to be aware that you would also need Premier if you had other investment sales. So, if you had a regular brokerage account (besides the traditional IRA) and made sales in that account. Then, you would need Premier. Doesn't seem like that applies to you though.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
JLo1
New Member
jon_peara
New Member
82cd2c9ae0a2
New Member
280a9ed2328d
New Member
sstromsk
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.