I attempted to use the "Free" version of TurboTax to file a return for my 17-year-old son. But the TurboTax website would not allow that and asked me to upgrade with this guidance:
Why do I need to upgrade?
You have Capital Gains on a 1099-DIV. TurboTax Live Basic is only for simple returns. It does not cover this situation. Upgrade to TurboTax Live Deluxe?
However, the website also says:
Situations covered (assuming no added tax complexity):
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
We were able to use the "Free" version when I filed his taxes last year when he was 16 and had $187 of ordinary dividends on his 1099-DIV. He has $318 of ordinary dividends this year. Does "Limited" in the statement above mean "more than $300"?
Thanks...
