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mislam
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Does turbotax free edition cover 1099-R

retirement distribution
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2 Replies

Does turbotax free edition cover 1099-R

No
If your Adjusted Gross Income is under $73,000 you may be able to use one of these IRS free file programs
Free File: Do your Federal Taxes for Free | Internal Revenue Service (irs.gov)

Does turbotax free edition cover 1099-R

@ mislam  asked:  "Does TurboTax Free Edition cover 1099-R retirement distribution?"

 

TurboTax Free Edition can report a 1099-R for most people--unless there is an early withdrawal penalty, which may also require Form 5329 in addition to the 1099-R.   Form 5329 cannot be handled in Free Edition and requires Deluxe or higher.   So when entering a 1099-R into Free Edition, if you are subject to an early withdrawal penalty, it would ask you to upgrade to Deluxe.

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