If I change plan from self-employed to a basic one do I need to enter all my details again?

alexcostache — Thu, 06 Jun 2019 14:26:49 GMT

I am unsure whether I downgrade to a mare basic plan I need to start over with all the information or not. It yes it would be very poor experience, definitely not a feature advertised last year when I upgraded to the self-employed plan.

Sorry but most users upgrade as needed and do not need to...

Critter — Thu, 06 Jun 2019 14:26:50 GMT

Sorry but most users upgrade as needed and do not need to reverse themselves ... if you do then you will start from scratch ...

You can now downgrade with the Clear and Start Over feature but bear in mind that the different TurboTax "flavors" handle different tax situations and their associated forms.

For example, if you want to downgrade from Deluxe to Federal Free Edition and you're itemizing (Schedule A), you can clear and start over with the free edition, but once you enter your itemized deductions in the free edition, you'll be asked to upgrade to Deluxe.

Here is a short list of some common tax situations and the online products that now uniquely support them:

· Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self Employed

· Capital Gains or Losses (Schedule D) - Premier and Self Employed

· Rental Income (Schedule E) - Premier and Self Employed

· Net Profit from Business (Schedule C-EZ) - Deluxe, Premier, and Self Employed

· Profit or Loss from Business (Schedule C) - Self Employed

· If you are looking at TurboTax Federal Free Edition, keep in mind that this version is intended for taxpayers with very simple returns (Form 1040EZ filers with the standard deduction), for example first-time filers and students.

Related Information:

· TurboTax Online Product Guide

· Using Clear & Start Over in TurboTax Online

GEN12186

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topic If I change plan from self-employed to a basic one do I need to enter all my details again? in Get your taxes done using TurboTax

If I change plan from self-employed to a basic one do I need to enter all my details again?

Sorry but most users upgrade as needed and do not need to...