All Posts

The Free Version covers most people who have a simple return to fill out. Think 1040 Short. If it is telling you that you have to upgrade, then something in your tax information moves you into a different version of Turbo Tax. You have input some info that the Free Version does not handle. Sorry. It happens.

Form 8606 is required to get the desired correct result  Form 8606 is attached to the tax return for the year(s) you made non-deductible contributions.   If it is missing, you have to amend those years. or convince the IRS with satisfactory records of your own and Form 1040s for those years showing no deduction was taken.   @Joecool2 

If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.      If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.    https://www.irs.gov/payments     https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212     https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403      To apply for a payment plan with the IRS   Apply Online for a Payment Plan     You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0   WHAT IF I CANNOT PAY MY TAX DUE? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw

Please follow these steps to report your Social Security Income:   Click "Wages & Income" (left side in TurboTax Online, at the top in TurboTax Desktop) Scroll down to “Retirement Plans and Social Security” and click on “Show more” Scroll down and click "Start" next to " Social Security (SSA-1099, RRB-1099)” Answer "Yes" to the question "Did you receive Social Security benefits?" and click “Continue”   Please see Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1? for additional information.

All you need to enter is the name of who is paying you like the bank or broker and put the amount in box 1.   Enter the interest as if you do have a 1099-INT form, except type it in manually.  See example image below.   Enter/Edit/Delete 1099-INT (Interest Income): 1. Open your return (if not already open) 2. Enter "1099int" in the Search box. 3. Click on "jump to 1099int" link.   4. Enter your information. Continue.