Solved: I only made $100 on investments but have to pay $60 to file. That is madness.
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cholber2
New Member

I only made $100 on investments but have to pay $60 to file. That is madness.

I made roughly $100 selling stocks last year. There is no way I am paying $60 to just file. What should I do.
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Accepted Solutions
DoninGA
Level 15

I only made $100 on investments but have to pay $60 to file. That is madness.

If you are eligible you can use the TurboTax Freedom edition which is free to file both a federal and state tax return.  The Freedom edition is a full featured personal tax program and on a separate website from the TurboTax online editions.

To qualify for free 2016 federal and state tax returns in Freedom Edition, you'll need to meet at least one of these requirements:

  • A maximum 2016 adjusted gross income (AGI) of $33,000; or
  • You qualify for the Earned Income Tax Credit (EITC); or
  • You served as active duty military (including Reservists and National Guard) with a maximum 2016 AGI of $64,000 (you'll also need a military-issued W-2).

See this TurboTax support FAQ on the Freedom edition - https://ttlc.intuit.com/questions/1900583-what-is-turbotax-freedom-edition

See this TurboTax support FAQ for the difference between the Freedom edition and the Free edition - https://ttlc.intuit.com/questions/2572617-what-s-the-difference-between-freedom-edition-and-federal-....

And see this TurboTax support FAQ on how to switch to the Freedom edition - https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

View solution in original post

3 Replies
DoninGA
Level 15

I only made $100 on investments but have to pay $60 to file. That is madness.

If you are eligible you can use the TurboTax Freedom edition which is free to file both a federal and state tax return.  The Freedom edition is a full featured personal tax program and on a separate website from the TurboTax online editions.

To qualify for free 2016 federal and state tax returns in Freedom Edition, you'll need to meet at least one of these requirements:

  • A maximum 2016 adjusted gross income (AGI) of $33,000; or
  • You qualify for the Earned Income Tax Credit (EITC); or
  • You served as active duty military (including Reservists and National Guard) with a maximum 2016 AGI of $64,000 (you'll also need a military-issued W-2).

See this TurboTax support FAQ on the Freedom edition - https://ttlc.intuit.com/questions/1900583-what-is-turbotax-freedom-edition

See this TurboTax support FAQ for the difference between the Freedom edition and the Free edition - https://ttlc.intuit.com/questions/2572617-what-s-the-difference-between-freedom-edition-and-federal-....

And see this TurboTax support FAQ on how to switch to the Freedom edition - https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

View solution in original post

fiona-yangwen
New Member

I only made $100 on investments but have to pay $60 to file. That is madness.

you didn't answer the original question
DoninGA
Level 15

I only made $100 on investments but have to pay $60 to file. That is madness.

@fiona.yangwen - The answer was correct for the question presented.  The user wanted to know how to complete their 2016 tax return without paying $60.  The only way they could avoid the TurboTax account fee for the Premier edition to report the investment sale was to use the Freedom edition if they were eligible.  Apparently the user thought that the answer was helpful since they voted up the answer and then Recommended the answer.
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