For example, if you want to downgrade from Deluxe to Federal Free Edition and you're itemizing (Schedule A), you can clear and start over with the free edition, but once you enter your itemized deductions in the free edition, you'll be asked to upgrade to Deluxe.
Here is a short list of some common tax situations and the online products that now uniquely support them:
Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self-Employed
Capital Gains or Losses (Schedule D) - Premier and Self-Employed
Rental Income (Schedule E) - Premier and Self-Employed
Profit or Loss from Business (Schedules C-EZ and C) - Self-Employed
If you are looking at TurboTax Federal Free Edition, keep in mind that this version is intended for taxpayers with very simple returns (Form 1040EZ filers with the standard deduction), for example first-time filers and students.
If you have not started your Tax Return yet please follow the steps below to change the status of your return.
1. Login to your account
2. Then ( you will be seeing a screen that says start with Self- Employed) look under wording on the left hand side you will see blue words stating- My tax situation has changed click on that then fill out the boxes which will give you what product you need to use for 2016.