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February 26, 2020
Question

I can't report my two fund cap gains without paying more. This is a ripoff, so I am forced to discontinue TurboTax service. Is there an exception?

  • February 26, 2020
  • 3 replies
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3 replies

ReginaM
February 28, 2020

You can switch to the Free Edition, however the information that you can enter is pretty limited.  If you have investments, you need to use the Premier Version to file your return. Here is a link to TurboTax Online products to see what is offered with each program.

 

 

You are eligible to free file your return, If you answer yes to any of these question, you qualify:

  • Is your adjusted gross income (AGI) $36,000 or less?
  • Were you active duty military in 2019 with an AGI of $69,000 or less?
  • Do you qualify for the Earned Income Tax Credit (EIC)?

 

 

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macuser_22
Employee
February 28, 2020

The Free edition only supports simple tax returns that do not require any additional schedules. More complex tax returns will require Deluxe or higher depending on the forms that are needed.

You might be able to use the Free File (formally called Freedom Edition) for incomes under $36,000 and supports all states and most forms.

The Free File is part of the IRS Free File alliance and is totally separate from TurboTax website.

You can also access the Free File tax alliance programs via the IRS website.

https://apps.irs.gov/app/freeFile/


https://freefile.intuit.com/

How do I switch to TurboTax Free File?
https://ttlc.intuit.com/replies/3491786

**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.**
Employee
February 28, 2020

If you use the deluxe version of the download/cd  program you have access to all the forms you need-just not as much in program help. Make sure you buy from a reputable source or direct from turbotax and if you need to file a state return  buy the program that has a state included. (you will still pay a fee to efile state)

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.