Retirement tax questions


@ Tokyo-taxpayer wrote:

Yes, IRS free file version.  On the IRS website Turbotax says it accepts 1099-NEC.  My kid has $1,000 of NEC income, no expenses.  Still tries to push me over to the self-employed version.


So I assume you are preparing a separate return for your child.   The TurboTax IRS Free File Program does not have any upgrades.  So I'm still not convinced yet that you are in the correct product.

 

The TurboTax IRS Free File Program should be able to handle a 1099-NEC (with or without expenses), but the regular Online Free Edition cannot.   Is the child's 2020 AGI $39,000 or less?

 

When a return is open, here's an image of what is displayed for regular Free Edition.   What is displayed in your upper left corner after you open the return?

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FreeEditionlogo.png