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Turbo tax Product

Hello

 

We are a married couple filing jointly. in previous years we filled with our CPA, however, this year since our taxes should be very simple we would like to file ourselves if the cost makes a difference.

 

Our 2020 situation

We had no W2 income in 2020

We had some income from dividends paid and have the form from the back 

We have 2 K1's from a business. 

Do we qualify for the free filing product?
I have an account so every time I hit on the free option I am redirected to my account which is Turbo Tax Live Self Employeed. and the cost is $220 + $50 for the state. 

Thanks

 

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2 Replies

Turbo tax Product

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

 

to find truly free filing. Note that some include free state as well.

If you choose TurboTax, you must create a new account.

If you sign in with your existing account, you'll be back in the same place you're trying to escape.

 

TurboTax cuts you off at $39,000 AGI 

others are higher than that $72,000.

 

Otherwise you can get a good price on Amazon.

use the cd/download program

 

Turbo tax Product

Ok.

 

Can I use (select) and create a new account for the free filing option if I have K1's and the dividends form?

K1's show no income but report a loss form an external partnership

 

Thanks

 

Fernanda

 

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