Cost of Turbo Tax

Forum|Forum|1 year ago
January 21, 2025
1 reply
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Can you tell me how much it will cost me to use TurboTax with a 1099-R Distrabution Code 1 form?

TurboTax Free Edition Online

Best answer by DoninGA

@Condor4 No, you will not be able to the TurboTax Free online edition if your Form 1099-R has a code of 1 in box 7. That indicates an early distribution with no known exception. So you will have a 10% early withdrawal penalty assessed on your federal tax return.

The Free edition does not support this penalty so that you will have to upgrade to the Deluxe online edition.

xmasbaby0

Employee

The fee for using online TurboTax will depend on which version you use and whether you also prepare a state return; the cost of the desktop download also depends on which version you purchase.

ONLINE 2024

https://turbotax.intuit.com/personal-taxes/online/

And just so you know—online prices go up in March—Pay your fee before then to lock in the discount

2024 TURBOTAX

DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)

https://turbotax.intuit.com/personal-taxes/cd-download/

You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.

This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Condor4Author

yes I know the cost of Turbo Tax products. I want to know the cheapest way to do my taxes with the 1099-R form with distribution code 1. Can you clarify if I can use the free version with the 1099-R form with code 1?