Cost of Turbo Tax

[Condor4]

Can you tell me how much it will cost me to use TurboTax with a 1099-R Distrabution Code 1 form?

[xmasbaby0]

The fee for using online TurboTax will depend on which version you use and whether you also prepare a state return; the cost of the desktop download also depends on which version you purchase.

ONLINE 2024

https://turbotax.intuit.com/personal-taxes/online/

And just so you know—online prices go up in March—Pay your fee before then to lock in the discount

2024 TURBOTAX

DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)

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

You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.

This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.

[Condor4]

yes I know the cost of Turbo Tax products. I want to know the cheapest way to do my taxes with the 1099-R form with distribution code 1. Can you clarify if I can use the free version with the 1099-R form with code 1?

[DoninGA · Accepted solution]

@Condor4 No, you will not be able to the TurboTax Free online edition if your Form 1099-R has a code of 1 in box 7.  That indicates an early distribution with no known exception.  So you will have a 10% early withdrawal penalty assessed on your federal tax return.

The Free edition does not support this penalty so that you will have to upgrade to the Deluxe online edition.