I want to prepare my child's taxes, can I use the same turbotax that I purchased to prepare my own?
It
depends on
which TurboTax product you are using.
If you use TurboTax Online, you can
prepare one federal e-filed tax return and up to five associated
state tax returns per account. If you choose to file another federal
return using the same TurboTax Online account, it will clear your information
and you’ll lose access to your prior year return(s) for future use. This
is not recommended.
Instead, create a new TurboTax Online account for each
federal tax return prepared. You’ll be able to use the same
email address if you wish, but a unique user id and password is created for
each new account. The links provided below provide more detail on TurboTax
Online accounts and how to create new ones.