topic Can I model different Roth IRA conversion scenarios in TurboTax online? in Get your taxes done using TurboTax

Can I model different Roth IRA conversion scenarios in TurboTax online?

psychopengy — Tue, 10 Dec 2024 17:51:51 GMT

If someone knows a convenient way of doing that, please let me know. Or is that something that's only possible if I download the software? Many thanks.

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

VolvoGirl — Tue, 10 Dec 2024 17:54:28 GMT

The Desktop program would be best. For Online you can make another account to test in. You don’t have to pay for it unless you want to print it out.

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

psychopengy — Tue, 10 Dec 2024 18:01:21 GMT

Thank you for your answer. Do I have to create a different account for each different Roth conversion I want to model? If so, could I import my information into each account, or would I have to start from the beginning each time? And is the desktop version downloadable or do I have to purchase a disk?

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

VolvoGirl — Tue, 10 Dec 2024 18:18:14 GMT

For Online you could use 1 account but it only saves the last one. What info would you import?

The Desktop program is only sold as a download. It can do unlimited returns so you can do test returns. You can save a return with another name to test in. It also has a What-If worksheet and you can enter directly into the forms. And many other features and advantages over the Online version.

You can buy the Desktop CD/Download program here,

https://turbotax.intuit.com/personal-taxes/cd-download/

2024 Desktop System Requirements

TurboTax® Desktop 2023-2024 System Requirements

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

psychopengy — Tue, 10 Dec 2024 18:39:50 GMT

Unfortunately my operating system is too old to support the downloadable version. The info that I was asking about importing was everything I have to enter prior to reaching the section about IRA distributions. If I use only one account, can I enter a distribution amount, finish the return, see the result, and then go back and enter a different amount if I want? I could use screenshots to save the results each time. Do you think that would work?

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

VolvoGirl — Tue, 10 Dec 2024 18:50:54 GMT

Yes that should work. Then do your real tax return in a new account or last year’s account if you have one.

Re: Can I model different Roth IRA conversion scenarios in TurboTax online?

psychopengy — Tue, 10 Dec 2024 19:05:53 GMT

I will try it. Thank you for your help.