topic 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? in Retirement tax questions

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?

seungminj85 — Thu, 25 Mar 2021 23:19:40 GMT

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

Re: 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?

macuser_22 — Thu, 25 Mar 2021 23:21:10 GMT

Deluxe is fine for that.

Re: 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?

seungminj85 — Thu, 25 Mar 2021 23:32:51 GMT

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?

Re: 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?

dmertz — Fri, 26 Mar 2021 12:27:10 GMT

Deluxe is sufficient for the items you mentioned.

Re: 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 — Fri, 26 Mar 2021 13:30:38 GMT

CAUTION: Deluxe can do anything Premier can.

Re: 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?

dmertz — Fri, 26 Mar 2021 15:33:48 GMT

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).

Re: 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?

tgtt42016 — Sun, 12 Jan 2025 02:41:07 GMT

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.