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?

Level 15

Mar 25, 2021 4:21:10 PM

Deluxe is fine for that.

Returning Member

Mar 25, 2021 4:32:51 PM

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?

Level 15

Mar 26, 2021 5:27:10 AM

Deluxe is sufficient for the items you mentioned.

Level 15

Mar 26, 2021 6:30:38 AM

CAUTION: Deluxe can do anything Premier can.

Level 15

Mar 26, 2021 8:33:48 AM

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).

Level 1

Jan 11, 2025 6:41:07 PM

Very simple. I have transferred from traditional to Roth for years and Deluxe is adequate. Its a very smart thing to do, by the way. You receive an income statement just like employment with amount transferred and federal and state taxes, if you requested the deductions.

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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?