Sorry but most users upgrade as needed and do not need to reverse themselves ... if you do then you will start from scratch ...
You
can now downgrade with the Clear and Start Over feature but bear in mind that the
different TurboTax "flavors" handle different tax situations and
their associated forms.
For
example, if you want to downgrade from Deluxe to Federal Free Edition and
you're itemizing (Schedule A), you can clear and start over with the free
edition, but once you enter your itemized deductions in the free edition,
you'll be asked to upgrade to Deluxe.
Here
is a short list of some common tax situations and the online products that now
uniquely support them:
·
Itemized Deductions (Schedule
A/1040)- Deluxe, Premier,
and Self Employed
·
Capital Gains or Losses (Schedule
D) - Premier and Self Employed
·
Rental Income (Schedule E) - Premier and
Self Employed
·
Net Profit from Business
(Schedule C-EZ) - Deluxe, Premier,
and Self Employed
·
Profit or Loss from Business
(Schedule C) - Self Employed
·
If you are looking at TurboTax Federal Free Edition, keep in mind that this version is intended for
taxpayers with very simple returns (Form 1040EZ filers with the standard
deduction), for example first-time filers and students.
Related
Information:
·
TurboTax Online Product Guide
·
Using Clear & Start Over in TurboTax Online
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