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Level 3
November 26, 2022
Question

TT free edition

  • November 26, 2022
  • 1 reply
  • 19 views

Would I qualify for TT free edition?  My return is very simple but my only income is reported on 1099-div and also a Roth conversion on which I paid quarterly estimated taxes on. I see that the free edition supports "limited" 1099s. What are the limitations?

1 reply

DoninGA
Level 15
Level 15
November 26, 2022

Dividend income reported to you on a Form 1099-DIV is entered on a federal tax return Schedule B.

The TurboTax Free online edition does not support Schedule B.  You will need to upgrade to the Deluxe edition which does support Schedule B.

 

Go to this TurboTax website for the forms and schedules supported for each online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp#tax-forms

VolvoGirl
Level 15
November 26, 2022

How much are the dividends?  You only need Schedule B if interest or dividends is over $1,500.  
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/turbotax-free-edition-right/L9JrkQ3NP_US_en_US 

 

You can start in the Free Edition and upgrade if you you need to.  

Critter-3
Level 15
November 26, 2022

Or you can wait and use one of the IRS FREE FILE options when they open in January.

 

https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free