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Does the Turbotax "Free" version cover IRA (taxable) distributions and Obamacare (ACA) or do I need to pay for "Deluxe" version?

Forum|Forum|7 years ago
June 5, 2019
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Best answer by macuser_22

Yes, unless you must pay a penalty for not having health insurance for the entire year, then it requires a schedule that the Free Edition does not support.

macuser_22Answer

Employee

Yes, unless you must pay a penalty for not having health insurance for the entire year, then it requires a schedule that the Free Edition does not support.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22

Employee

Add to that: ALSO if your IRA distribution is an early distribution subject to the 10% penalty because you are under age 59 1/2 then Deluxe (or higher) is required to report the penalty and 5329 form.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**