Does the Turbotax "Free" version cover IRA (taxable) distributions and Obamacare (ACA) or do I need to pay for "Deluxe" version?

catherinetcook · ‎June 5, 2019

macuser_22 · ‎June 5, 2019

Yes, unless you must pay a penalty for not having health insurance for the entire year, then it requires a schedule that the Free Edition does not support.

**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.**

View solution in original post

macuser_22 · ‎June 5, 2019

Yes, unless you must pay a penalty for not having health insurance for the entire year, then it requires a schedule that the Free Edition does not support.

**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.**

macuser_22 · ‎June 5, 2019

Add to that: ALSO if your IRA distribution is an early distribution subject to the 10% penalty because you are under age 59 1/2 then Deluxe (or higher) is required to report the penalty and 5329 form.

**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.**

Expert does your taxes

Do it yourself

Resources

Support

Does the Turbotax "Free" version cover IRA (taxable) distributions and Obamacare (ACA) or do I need to pay for "Deluxe" version?