This promotional material can be found at this website under For simple tax returns only.
You can file with TurboTax Free Edition
if you have a simple tax return.*
*A simple tax return is Form 1040 only OR Form 1040 + Unemployment Income. Situations covered in TurboTax Free Edition include:
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
- Unemployment income reported on a 1099-G
My understanding is that this statement means income reported on a 1099-INT or 1099-DIV. Reporting interest or dividends which are not being reported on these forms would require a version upgrade.
Also IRS 1040 Schedule B is not reported on the Basic version. Scroll down the left side of the screen and look for Schedule B.
The Internal Revenue Service requires a Form 1040 Schedule B form in a number of situations, but for the average taxpayer, the two most common reasons are earning more than $1,500 of interest or dividend income (from savings accounts or stocks, for example) and to exclude the interest you earn on certain U.S. savings bonds from your tax return.
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