IRS Schedule B reports interest and dividend income. If Part II line 6 is over $1,500, IRS Schedule B must be included with the tax return.
If IRS Schedule B is included with the tax return, TurboTax version Deluxe or Premium is required.
So, if you only report $100 in dividend and interest income, Deluxe or Premium is not required.
If you report $1,501 in dividend and interest income, Deluxe or Premium is required.
In TurboTax Online, you may be able to Switch Products or Clear and Start Over.
Switch Products or Clear and Start Over may be found in the lower left hand corner of the screen if it is available to you.
See also this TurboTax Help.
As long as you:
- have not submitted payment,
- deducted the TurboTax fee from your refund, or
- registered your product,
you may erase your return and start from scratch in TurboTax Online. If you have done any of these things, you will need to manually edit your return.
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