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Level 1
posted Dec 26, 2023 3:55:05 PM

Allocation of Refund (Form 8888)

Is Form 8888 available in Deluxe edition?

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4 Replies
Level 15
Dec 26, 2023 4:07:56 PM

Yes.

 

See https://turbotax.intuit.com/personal-taxes/online/deluxe.jsp#tax-forms

Level 15
Dec 26, 2023 4:10:07 PM

Yes.  Form 8888 is supported by the Deluxe online edition.

 

See this TurboTax website for forms included in the online editions - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp#tax-forms

Level 1
Dec 26, 2023 4:24:22 PM

Thanks for the speedy response.

Level 15
Dec 27, 2023 6:52:31 AM

FYI ... just so anyone looking at this thread later understands ... if you are going to split up a refund to more than one account ... if you are choosing to fund your IRA using part of your refund you MUST list that account first.  If the IRS changes the refund at all and you have listed the IRA account second then the IRA account may be underfunded since the first account is always funded first. 

 

For instance ...say you had a $3000 refund and you wanted $2000 to go to your checking account and $1000 to the IRA and the refund is reduced to $2500 then the checking account would get the $2000 and the IRA only $500.