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Wrinkle1
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How do I do What If scenarios for 2019 using 2018 on-line version returns?

 
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2 Replies

How do I do What If scenarios for 2019 using 2018 on-line version returns?

The online editions of TurboTax do not have What-If worksheets.  Only the TurboTax desktop CD/Download editions include What-If worksheets using Forms mode.

 

You can use TaxCaster for estimates - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

How do I do What If scenarios for 2019 using 2018 on-line version returns?

There are 2 answers to your question, depending on if you use the On-Line version of TTax or if you use the Desktop version (which is installed on your computer).  Hint: Desktop version gives you more flexibility and options.

For DESKTOP version ONLY
Select 'Forms Mode' - (upper right corner of Step-by-Step screen)
Select 'Open Form'  - (upper LEFT corner (just above "Forms in My Return" click on icon)
Enter "What-if" (without quotes) in the Search field (at top under 'Search or Browse ,,,' heading)
'Double Click' on the "What-if" entry listed in the list of forms below (under 'US Form 1040 ...')

NOTE: Be sure to type the search phrase SLOWLY, and to use a '-' and not a space between the words entered.  The search will auto-complete generally by the time 'wh' is entered.

For safety, to protect your return, whenever you are doing things like a 'what-if' compare, it is a good practice to make a COPY of your return and do the 'what-if' exercise on the COPY.

 

For On-Line version
You appear to be using the TTax On-Line version.  Unfortunately the on-line version does not support a 'what-if' scenario (that is only available with the desktop version).

Once you make ANY changes to the online version the previous information is overwritten and is PERMANENTLY deleted.  You will have to manually re-enter/re-create your return.

You might want to try to create NEW dummy accounts for your various scenarios and then simply abandon them when you are finished.

Create New On-Line account:
turbotax.com and look for the 'New to TurboTax?" 'Start for Free' BLUE button near the top center of the screen.
How to Clear AND Delete

How to clear an on-line return and start over
https://ttlc.intuit.com/questions/1900891-how-do-i-start-over-in-turbotax-online
(Please note that the link may 'appear' to be truncated, however it will
work (if you hover your mouse over the link you will see the full link.)

How to delete tax return in TTax On-line
https://ttlc.intuit.com/questions/1899886-can-i-delete-my-tax-return-in-turbotax-online
(Please note that the link may 'appear' to be truncated, however it will
work (if you hover your mouse over the link you will see the full link.)

Note: This will also clear/delete and data your have transferred from last year or downloaded from a Financial Institution.

CAVEAT:
While you can clear the information in a return in an account, you CANNOT delete an account.

If you still want to use TTax On-Line, TurboTax's TaxCaster may be of some help

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ 

 

 

An alternative option for the online program is to use the estimated payment section ... if you have already filed the 2018 return then log in and scroll down and click on ADD A STATE to unlock the archived return ... make sure to NOT disturb any other section of the program just use the estimated payment section.

 

You can also calculate your 2019 estimated taxes and generate the payment vouchers by doing this:

  1. With your tax return open, search for 1040-es(be sure to include the dash) and select the “Jump to” link.
  2. Answer No to the question Do you want to change your W-4 withholdings for 2019?
  3. On the next screen, Review Your Estimates, select Review Now. Answer the questions about things like your 2019 filing status, income, and deductions.
  4. Eventually, you'll come to the Print Vouchers? Answer Yes and we'll include your 2019 1040-ES payment vouchers when you print a copy of your return later.

Rest assured that TurboTax uses the most recent tax rates when calculating your 2019 estimated taxes.

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