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Yes, if you need to downgrade to a lower-priced version of TurboTax, clearing and starting over is the only option.
WAIT...if you updated to LIVE mid-stream or late in the process and did not start out in LIVE...there is supposedly a way to remove it.
But I have no idea if it works:
Read this FAQ
https://ttlc.intuit.com/community/downgrading/help/how-do-i-remove-turbotax-live/01/27312
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