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seungminj85
Returning Member

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

I also have stocks but I never sold a stock. Since there are no profitable earnings, is deluxe enough?
5 Replies
macuser_22
Level 15

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

Deluxe is fine for that.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
seungminj85
Returning Member

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

I forgot to mention this. I have earnings from DIVIDEND. SO I got 1099-DIV. Is Deluxe still enough?

 

If it needs to be upgraded to premier can this be upgraded in the middle?

dmertz
Level 15

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

Deluxe is sufficient for the items you mentioned.

fanfare
Level 15

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

CAUTION: Deluxe can do anything Premier can.

dmertz
Level 15

I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

fanfare, that's true for the CD/download version but not for the online version.  The online version of TurboTax Premier supports many things that the online version of TurboTax Deluxe does not (none of which appear to be needed in this case). 

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