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Level 2
posted Nov 21, 2024 8:00:58 AM

Can I make a "pre-forma" return on TT before the end of the tax year?

I want to see how certain potential tax moves that I would need to make before the end of the year will affect my 2024 return.

0 7 1676
7 Replies
Level 15
Nov 21, 2024 8:09:12 AM

Yes if you use the Desktop program.  You could use the 2023 program by doing a test return or using the What-If Worksheet.   Or do a test return in the the 2024 Desktop program.  The Online version for 2024 has not opened  yet, not until December.   

Level 15
Nov 21, 2024 8:13:39 AM

You can use the TurboTax calculator TaxCaster to get an estimate of taxes owed or a tax refund.  The calculator is for tax year 2023 but will give a good estimate for 2024 - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

 

If you used the TurboTax desktop editions for tax year 2023 you can use the What-If worksheet in Forms mode for estimating 2024.  Click on Forms.  Click on Open Form at the top left of the Forms mode screen.  Type in What-If.

Level 2
Nov 21, 2024 9:44:00 AM

Thanks!

 

Level 2
Nov 21, 2024 9:46:04 AM

Thank you so much!

 

Level 2
Nov 21, 2024 9:47:50 AM

Thanks.

 

Can I do a what-if on the online version when it comes out in Dec?

Level 15
Nov 21, 2024 9:50:44 AM

Sorry no.  Access to the Forms and What-If worksheets are only in the Desktop installed program.  

Level 2
Nov 21, 2024 9:51:16 AM

Thanks.