I have a 1099-div do I need to pay another $129. I have the Deluxe?

Forum|Forum|2 years ago
April 8, 2024
2 replies
12 views

I have less than $20 that was reinvested so paying another $129 does not seem right. Maybe I just don't report it since it is so low

TurboTax Deluxe Online

JulieS

Level 15

No, simply having a $20 dividend doesn't require you to upgrade from the free product to Deluxe.

Up to $1,500 in dividends and interest can be reported with the free version of TurboTax. If you have a situation that requires a Schedule B, that would require the upgrade.

You have to use Schedule B if any of the following applies:

You had over $1,500 in taxable interest or ordinary dividends.
You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.
You have accrued interest on a bond.
You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.
You are reducing your interest income on a bond by the amount of amortizable bond premium.
You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.
You received interest or ordinary dividends as a nominee.
You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust.

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tyronederAuthor

Level 2

I have paid for the Deluxe version. TurboTax is not letting me go any further and keeps requesting that I upgrade to the $129 version?

LindaS5247

Level 14

You are able to report dividend income (Form 1099-DIV) in the Deluxe Edition of TurboTax. It is prompting you to upgrade to TurboTax Premium because you have a tax situation not covered by TurboTax Deluxe. You stated that you had less than $20 and that was reinvested. Perhaps your 1099-DIV is reporting a capital gain?

Premier offers additional guidance for investments, rental income, and cryptocurrency not available in the Deluxe version.
Choosing between Deluxe and Premier depends on the individual’s tax needs and the complexity of their financial situation.

Have you tried contacting TurboTax support? Please click here for help in contacting Turbo Tax Support.

Click here for detailed information on the TurboTax products available.

Please feel free to come back to TurboTax Community with additional information or questions.

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gritts22

Level 2

SOLUTION: I had the same problem and Turbotax helped me resolve it, now I don't need deluxe! I clicked the "?" at the top of the page, told the AI that I needed to speak with a person, someone called me (free!), I asked to be transferred to Tier 2 assistance, I explained the situation, they had me screen share, and she gave me a special code to bypass the Deluxe fee! Must be a bug. Scroll down on this page for the justification that NON-Shedule-B 1099-DIV still gets the free version: https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-a-schedule-b-irs-form/L9G2RijlF