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I am getting the same error. My product was initially activated December 2020. I have used TurboTax without problems for almost one month. Yesterday I was asked to enter my activation code. I entered the correct code and I got the 607 error. Same thing today.
I have rebooted with no change. I have no problems with internet access. I disabled virus software and still the error persists.
I no longer believe that the problem is with my system.
If you're using TurboTax CD/Download and have installed and activated the license number, you may receive multiple activation prompts, which results in TurboTax not launching. I have provided a link below that can assist you with getting past this activation code error:
TurboTax 2019 and TurboTax 2020 requests license activation at every launch
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