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You do not need to enter the pages showing that you made the RMD into TurboTax. You just need to answer Yes or No to the question that asks if the distribution was a RMD. Save the documents with your other tax records in case you are ever asked about them.
What is a RMD?
@Gulp1
Only desktop TurboTax has Forms mode. Online software does not have this feature.
so this is an inferior version of TTax? For greater functionality should I switch to desktop version? If so can I convert already completed form to desktop version?
If you started your 2019 return in TurboTax Online and want to switch to the TurboTax software, here's how.
And make sure your system is up to the task :
Here are the system requirements to install Turbo Tax for Windows…..
Here are the system requirements to install Turbo Tax for MAC…..
Online version system requirements
Not sure why the online version is purposefully made inferior.
It is not made inferior ... the online system just has limitations. It is like the difference between a Kia and a cadillac ... they will both get you to the same destination but they each have different comforts. If you want the upgraded version with more bells and whistles then switch products.
@ratanshah wrote:
Not sure why the online version is purposefully made inferior.
There are several considerations.
1) The desktop forms mode is mainly intended for trouble shooting and not direct form entry. In fact the license agreement specifically states that direct form entry and not using the interview mode will void the TurboTax accuracy guarantee since forms mode depends on the users expertise in knowing how to link various forms that the software does in the interview mode.
2) The desktop software is paid for in advance when the online is paid for when filing. If the forms were available prior to filing than anyone could simply copy the forms and mail then without ever paying for the use of the software. If fact you cannot even print the entire tax return online until you pay.
3) The desktop has additional features so as to keep the online product as simple as possible without confusing the average user. Most users of the desktop products are more sophisticated
computer users than the average online user.
4) All in all TurboTax marketing has determined that the more sophisticated tools would only be offered for the desktop products. In addition all versions of the desktop products have the same forms, the difference in the products is the detail and help in the interview while the online products have different forms depending on the version.
TurboTax Online and the TurboTax CD/Download products are very similar and both cover most tax situations. The majority of our customers choose TurboTax Online to confidently file their taxes.
Here are the big differences between the two:
There are some tax situations that TurboTax Online does not cover. If you need to file corporate, partnership, and estate/trust returns, or 2014-2016 amended returns, you'll need to use the TurboTax CD/Download products.
We happen to like them both, but we recommend the TurboTax CD/Download software if you want to:
There are some situations that only the CD/Download software can handle, such as:
In accordance with IRS regulations, you can use the TurboTax software to e-file up to five (5) federal tax returns. You can prepare as many returns as you want, but only five can be e-filed.
For returns with multiple states, you can e-file up to three (3) states per federal return; the rest must be paper-filed (which probably isn't a big deal, as many nonresident state returns can't be e-filed anyway).
Our license agreement doesn't allow the use of TurboTax for commercial or professional tax preparation. If you need to e-file multiple returns and you are a professional tax preparer, take a look at our ProSeries or Lacerte software.
"Not sure why the online version is purposefully made inferior."
If you think about this for a minute you'd understand. If all the Forms/Schedules/Worksheets were always available to you, why in the world would you pay TurboTax? You could simply copy the information off to a set of blank Forms and Schedules - available for free - and then file.
I thought you had to pay for online return if you want to file.
"I thought you had to pay for online return if you want to file."
Perhaps you don't understand that nothing compels you to file an income tax return "online." Income tax returns prepared on real paper and sent on time via USPS or other carriers are equally valid.
Yes, you are correct that you need to pay TurboTax if you want to e-file, but you must also pay to see the underlying Forms and Schedules. If it were otherwise people could save the filing fee by transcribing their numbers per TurboTax onto paper forms, then file that way. To save a minimum of $40 - today's online price for Deluxe - I'd think more than a few folks might just do that.
I have 2 pages that can substantiate I made an Required Minimum Distribution Rollover that is not correct in two 1099Rs. How do I add these Twopages onto my Fed electronic submission. I do not see this addressed anywhere????
@Gulp1 wrote:
I have 2 pages that can substantiate I made an Required Minimum Distribution Rollover that is not correct in two 1099Rs. How do I add these Twopages onto my Fed electronic submission. I do not see this addressed anywhere????
What is not correct?
Did you enter a 1099-R?
What do you mean "two pages"?
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