Can I do two returns with the Turbo Tax I just bought.

[vtant]

I just purchased TurboTax to prepare my daughters return (college student) I thought I could use this software to submit the returns for both of my children.

[xmasbaby0 · Accepted solution]

When you use Online TurboTax, you get one return per fee.  Each return needs its own account and user ID.   If you use the same account and user ID for a second return, you overwrite the first one and lose it forever.

 When you use Desktop TurboTax, which you install from a CD or download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software.  You can e-file up to 5 Federal returns—more if you mail the additional ones.  If you have multiple returns to prepare for family members, Desktop is more cost effective.

[vtant]

Darn - wish I checked first.  Now I need to purchase for my second daughter.

[vtant]

Another question -  if I already saved the first return as my copy then start a new return does it do something to the currently processing return (in transmittal phase ?

[xmasbaby0]

If you qualify, there is another free software program available from TurboTax which will allow you to enter self-employment income reported on a 1099Misc.
You qualify if your income was $33,000 or less, or $64,000 or less if active duty military, or if you qualify for Earned Income Credit
Try the Freedom Edition:
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/taxfreedom">https://turbotax.intuit.com/taxfreedom</a>

[vtant]

perfect - yes my daughter only made $5000 last year as worked part time with a in-home party company (like Tupperware) so she did get 1099