Can I model different Roth IRA conversion scenarios in TurboTax online?

[psychopengy]

If someone knows a convenient way of doing that, please let me know. Or is that something that's only possible if I download the software? Many thanks.

[VolvoGirl]

The Desktop program would be best.  For Online you can make another account to test in.   You don’t have to pay for it unless you want to print it out.   

[psychopengy]

Thank you for your answer. Do I have to create a different account for each different Roth conversion I want to model? If so, could I import my information into each account, or would I have to start from the beginning each time? And is the desktop version downloadable or do I have to purchase a disk?

[VolvoGirl]

For Online you could use 1 account but it only saves the last one.   What info would you import?   

The Desktop program is only sold as a download.   It can do unlimited returns so you can do test returns.   You can save a return with another name to test in.  It also has a What-If worksheet and you can enter directly into the forms.  And many other features and advantages over the Online version.

You can buy the Desktop CD/Download program here,

https://turbotax.intuit.com/personal-taxes/cd-download/

2024 Desktop System Requirements

TurboTax® Desktop 2023-2024 System Requirements

[psychopengy]

Unfortunately my operating system is too old to support the downloadable version. The info that I was asking about importing was everything I have to enter prior to reaching the section about IRA distributions. If I use only one account, can I enter a distribution amount, finish the return, see the result, and then go back and enter a different amount if I want? I could use screenshots to save the results each time. Do you think that would work?

[VolvoGirl]

Yes that should work.  Then do your real tax return in a new account or last year’s account if you have one.  

[psychopengy]

I will try it. Thank you for your help.