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Can a minor file for free with a 1099-B ?

2 Replies
Level 15

Can a minor file for free with a 1099-B ?

No.   Age has nothing to do with whether you pay to use TurboTax.   The version you use and the fee is determined by the data you need to enter.  If you have to enter investment income you need online Premier --- or perhaps you could use Free File:




The information that you can enter in Free Edition is pretty limited now.  Thanks to the new tax laws that began for 2018 returns, there are no more simple Form 1040EZ or 1040A's.  Everything goes on a Form 1040 that has three extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition.  Using the standard deduction instead of itemizing does NOT mean you will not need any of those schedules.   If you started in the Free Edition and entered any data that required any of those three schedules, you have to upgrade to a paid version.   The Free Edition cannot be used for self-employment income, investment income, rental income or a student loan interest deduction, 
 you qualify to use it, there is another full-featured free version of the software:

Try Free File: 

You qualify if your income was $39,000 or less, or $72,000 or less if active duty military, or if you qualify for Earned Income Credit



Note:  If you do not qualify to use Free File then you will have to upgrade to Deluxe or higher in the paid versions of the software.   

 Online Deluxe $40  State software $40



Or—-Use this IRS site for other ways to file for free


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

Can a minor file for free with a 1099-B ?

Turbo Tax Free File website is free for federal and state. And has more forms than the Federal Free Edition, like the full 1040 return and Schedules A, B, C , D, E, F, EIC, H, K-1, SE, etc.

To qualify for the Tax Freedom website you just need to meet one of these 3 things
AGI $39,000 or less
Active duty military with AGI of $72,000 or less
OR qualify for EIC (earned income credit.)

In order to use the Turbo Tax Free File, you have to start it at a special website. If you use the Sign In button on the top right I hear it brings over your work.


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