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jcacchio7
New Member

Hello! Since I had no self-employment income or deductions, is there a less expensive version of Turbo Tax I can use?

 
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Kat
Level 15
Level 15

Hello! Since I had no self-employment income or deductions, is there a less expensive version of Turbo Tax I can use?

Yes, there is.  You'll need to downgrade your TurboTax program using the "Clear and Start Over" feature.  Just keep in mind that your data entries will be deleted when you utilize this feature.  See the information below, which includes instructions on how to Clear and Start Over.  Also, the edition that you will need depends on your individual tax situation.

https://ttlc.intuit.com/replies/3288495

One more thing:  If you had a Schedule C that transferred over from last year's return, you'll need to properly report the closure of your business to the IRS.  See instructions regarding deleting a Schedule C that transferred over in the TurboTax FAQ below.

https://ttlc.intuit.com/replies/3300011

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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1 Reply
Kat
Level 15
Level 15

Hello! Since I had no self-employment income or deductions, is there a less expensive version of Turbo Tax I can use?

Yes, there is.  You'll need to downgrade your TurboTax program using the "Clear and Start Over" feature.  Just keep in mind that your data entries will be deleted when you utilize this feature.  See the information below, which includes instructions on how to Clear and Start Over.  Also, the edition that you will need depends on your individual tax situation.

https://ttlc.intuit.com/replies/3288495

One more thing:  If you had a Schedule C that transferred over from last year's return, you'll need to properly report the closure of your business to the IRS.  See instructions regarding deleting a Schedule C that transferred over in the TurboTax FAQ below.

https://ttlc.intuit.com/replies/3300011

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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