Schedule B and 8880 forms.

Forum|Forum|3 years ago
March 30, 2023
1 reply
5 views

I was forced to upgrade to the deluxe live edition, and my agent said it was likely because of my schedule B and 8880 forms. I looked around a bit and that all has to do with retirement savings and investment dividends. I have no money in any 401k. the 12 section on my W-2 is clear, and I simply have no investments. The forms will also not delete on the tax tools delete form page. What do I do? I have a simple run of the mill tax return and I don't understand why it isn't working with the free federal file.

TurboTax Live Deluxe Online

Cynthiad66

Level 14

A simple tax return is one that's filed using IRS Form 1040 only, without having to attach any forms or schedules. Only certain taxpayers are eligible.

Situations covered (assuming no added tax complexity):

W-2 income
Limited interest and dividend income reported on a 1099-INT or 1099-DIV
IRS standard deduction
Earned Income Tax Credit (EIC)
Child Tax Credit (CTC)
Student loan interest deduction

Situations not covered:

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 other forms or schedules (for example, income related to crypto investments)

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ZadamwhtAuthor

Level 2

Yes, but what I'm trying to say is my W-2 is normal. I have no investments or retirement, so I should not have been upgraded, but was.

MoniqueLO_

Level 10

TurboTax Free Edition is free as long as it is a simple return that files a 1040 with no additional schedules or upgrades. Please see Why am I being charged for TurboTax Free Edition? for more information.

@Zadamwht