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We don't really cancel your account, but you can remove the data. We will keep the username and password you created in case you ever want to return to the website.
If you would like to erase the data you have entered, you can do that by following these directions:
All of your entries will now be erased.
you would have to contact product support. When there let them know that you want to delete the account, there they will submit a form that will render that current account not active. So now one will be able to enter it again.
https://ttlc.intuit.com/replies/3300041?
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