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I sign in to Turbo Tax and it takes me to Turbo Tax, Deluxe. How do I get out of this and back to Turbo Tax?

None of the Turbo Tax answers to my original question were pertinent. How do I get out to 
Turbo Tax Deluxe and get back to Turbo Tax?
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3 Replies

I sign in to Turbo Tax and it takes me to Turbo Tax, Deluxe. How do I get out of this and back to Turbo Tax?

Do you mean you want to downgrade from online Deluxe and go to the Free Edition?

 

CLEAR AND START OVER

https://ttlc.intuit.com/questions/2586254-how-do-i-clear-and-start-over

 

 

WHY DO I HAVE TO PAY?  I WANT THE FREE EDITION

 

The information that you can enter in Free Edition is pretty limited now.  Thanks to the new tax laws that began for 2018 returns, there are no more simple Form 1040EZ or 1040A's.  Everything goes on a Form 1040 that has three extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition.  Using the standard deduction instead of itemizing does NOT mean you will not need any of those schedules.https://ttlc.intuit.com/questions/4511011-what-happened-to-the-1040a-and-1040ez   If you started in the Free Edition and entered any data that required any of those three schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.

 

 

When you chose to “start”  in the Free Edition —

Directly below the words “Free Edition” there is a blue link that says “For simple tax returns only”   If you click that link it brings up this information:

 

 

You can file with TurboTax Free Edition if you have a simple tax return.*

*A simple tax return is Form 1040 only.

Situations covered in TurboTax Free Edition include:

  • W-2 income
  • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
  • Claiming the standard deduction
  • Earned Income Tax Credit (EIC)
  • Child tax credits
  • Student Loan Interest deduction

Situations not covered in TurboTax Free Edition include:

  • Itemized deductions
  • Unemployment income reported on a 1099-G
  • Business or 1099-NEC income
  • Stock sales
  • Rental property income
  • Credits, deductions and income reported on schedules 1-3

 

How does TurboTax make any money?

Customers with more complex tax situations will file with our paid TurboTax products that provide all the additional forms and guidance they need. We also offer additional benefits that go beyond filing your taxes, but they are optional and are not required to file simple taxes for free. We hope that, over time, as our customers with simple returns need more capabilities as their financial situations change (for example owning a home, having a child, managing investments), they have loved our products and services so much that they will choose our paid TurboTax offerings to prepare and file their returns.

 

 

 

Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

 

https://apps.irs.gov/app/freeFile/

 

 

How can I see my TurboTax  fees?   

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

 

If your TurboTax fees are higher than expected, you can reduce them by removing add-ons:

 

 

 

 

 

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Russum
New Member

I sign in to Turbo Tax and it takes me to Turbo Tax, Deluxe. How do I get out of this and back to Turbo Tax?

I have a K1 from my LLC that has a $670 loss on line 2  from a bad year for those rental houses.  My real estate activities is a Trade or Business.  I am QBI qualified with my rental houses.  The K1 wants some kind of input in box 20 code Z Section 199A Information.  I have put -670, 670, -134 (.2X-670), 134 and 0.  None of that works.  What do I need to put in the box 20.

DaveF1006
Expert Alumni

I sign in to Turbo Tax and it takes me to Turbo Tax, Deluxe. How do I get out of this and back to Turbo Tax?

You should have received a supplementary statement in K1. In the K1 should be instructions on what to enter in Box 20. The approach to this is;

 

  1. When you get to box 20, pick code Z from the drop down, and leave the amount blank.Turbo Tax will determine that amount from the questions that follow. press continue.
  2. Continue through the questions. Be sure to mention that your investment is at risk.
  3. And then continue through the questions. As I mentioned above, the information required to complete section 20 is mentioned in the supplemental statements that came with the K-1.

@Russum 

 

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