I transferred $6000 from Traditional IRA to Roth IRA. I need to submit form 8606. Can I choose Turbo Tax Deluxe or Premier if I want to submit form 8606?

Forum|Forum|5 years ago
March 25, 2021
2 replies
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I also have stocks but I never sold a stock. Since there are no profitable earnings, is deluxe enough?

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macuser_22

Employee

Deluxe is fine for that.

**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.**

seungminj85Author

I forgot to mention this. I have earnings from DIVIDEND. SO I got 1099-DIV. Is Deluxe still enough?

If it needs to be upgraded to premier can this be upgraded in the middle?

dmertz

Employee

Deluxe is sufficient for the items you mentioned.

tgtt42016

Very simple. I have transferred from traditional to Roth for years and Deluxe is adequate. Its a very smart thing to do, by the way. You receive an income statement just like employment with amount transferred and federal and state taxes, if you requested the deductions.