Restart your financial life with Turbotax: How-To

Restart your financial life with Turbotax: How-To

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Restart your financial life with Turbotax: How-To
Restart your financial life with Turbotax: How-To

Turbotax How To Start Over? Have you ever found yourself in a situation where you’re knee-deep in your tax return, only to realize that you’ve made a critical error or have entered incorrect information? Don’t panic! Starting over on your Turbotax return is simpler than you think.

Firstly, it’s essential to understand that Turbotax allows users to start over at any point in the tax preparation process. Whether you’re just getting started and need to reset all the information or have already filed and need to make changes, Turbotax provides a simple solution. You don’t need to worry about starting from scratch; Turbotax saves your previous work, so all you need to do is delete the information you want to change.

To start over on your Turbotax return, navigate to the My Account section and select Clear & Start Over. From there, you’ll be prompted to confirm that you want to erase all of your data and start again. Once you’ve confirmed, you can begin entering your information anew from the beginning. Turbotax also has an option to import your previous year’s tax return, which can save you time and effort if your financial situation hasn’t changed much.

In conclusion, starting over on your Turbotax return is a breeze. With just a few clicks, you can reset your return and enter new information without having to worry about losing your progress or starting from scratch. So, don’t be afraid to make mistakes; Turbotax makes it easy to correct them and get back on track.

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Introduction: Starting Over with TurboTax

Starting over with your taxes can seem daunting, especially if you’ve already completed some of the work. Fortunately, TurboTax makes it easy to start fresh and ensure that your tax return is accurate and complete. Whether you need to remove unwanted forms or re-enter information correctly, TurboTax has you covered.

In this guide, we’ll walk you through how to start over with TurboTax, step-by-step. From creating a new tax return to saving and filing your updated return, we’ll cover everything you need to know to get started.

So, let’s dive in and get started on your fresh start with TurboTax!

Creating a New Tax Return

The first step in starting over with TurboTax is to create a new tax return. This will allow you to start fresh and ensure that all of your information is accurate and up-to-date.

To create a new tax return in TurboTax, follow these steps:

  1. Open TurboTax and click Start a new return.
  2. Select the type of tax return you need to file (e.g., individual, self-employed, etc.).
  3. Enter your personal information, including your name, address, and Social Security number.

Once you’ve created a new tax return, you can begin importing any relevant information from previous years.

Importing Previous Year’s Tax Info

If you’ve filed taxes with TurboTax in previous years, you can easily import that information into your new tax return. This will save you time and ensure that your information is accurate.

To import previous year’s tax info in TurboTax, follow these steps:

  1. Open your new tax return in TurboTax.
  2. Click Import in the top toolbar.
  3. Select the year you want to import from and follow the prompts to import your information.

Once you’ve imported your previous year’s tax info, you can begin removing any unwanted forms that may have been imported.

Removing Unwanted Tax Forms

If you’ve imported previous year’s tax info, you may notice that there are some forms that you no longer need. TurboTax makes it easy to remove these forms and ensure that your return is accurate.

To remove unwanted tax forms in TurboTax, follow these steps:

  1. Open your tax return in TurboTax.
  2. Click on the form you want to remove in the left-hand sidebar.
  3. Select Remove Form and follow the prompts to remove the form from your return.

Once you’ve removed any unwanted forms, you can begin re-entering information correctly.

Re-entering Information Correctly

If you’ve noticed that some of the information in your tax return is incorrect, it’s important to correct it before filing. TurboTax makes it easy to re-enter information correctly and ensure that your return is accurate.

To re-enter information correctly in TurboTax, follow these steps:

  1. Open your tax return in TurboTax.
  2. Click on the form that contains the incorrect information.
  3. Select the field that needs to be corrected and enter the correct information.

Once you’ve corrected any errors, you can begin fixing any calculations that may be incorrect.

Fixing Errors and Re-calculating Refunds

If you’ve noticed that some of the calculations in your tax return are incorrect, it’s important to fix them before filing. TurboTax makes it easy to fix errors and re-calculate refunds.

To fix errors and re-calculate refunds in TurboTax, follow these steps:

  1. Open your tax return in TurboTax.
  2. Click on the form that contains the incorrect calculation.
  3. Select the field that needs to be corrected and enter the correct information.
  4. Click Calculate to re-calculate your refund.

Once you’ve fixed any errors and re-calculated your refund, you can save and file your updated return.

Saving and Filing Your Updated Return

Once you’ve made all of the necessary updates to your tax return, it’s important to save and file your updated return. TurboTax makes it easy to do both.

To save and file your updated return in TurboTax, follow these steps:

  1. Review your tax return to ensure that all information is accurate.
  2. Click Save and Exit to save your return.
  3. When you’re ready to file, follow the prompts to file electronically or print and mail your return.

And that’s it! With TurboTax, starting over with your taxes is easy. By following these simple steps, you can ensure that your tax return is accurate and complete.

Conclusion

Starting over with your taxes may seem overwhelming, but with TurboTax, it’s easy. By creating a new tax return, importing previous year’s tax info, removing unwanted forms, re-entering information correctly, fixing errors and re-calculating refunds, and saving and filing your updated return, you can ensure that your tax return is accurate and complete.

So, if you need to start over with your taxes, don’t worry! TurboTax has you covered.

People Also Ask About Turbotax How To Start Over

1. Can I start over on my tax return with TurboTax?

Yes, you can start over on your tax return with TurboTax. If you made a mistake or want to change something on your tax return, you can simply click on the Take Me to My Return button on the TurboTax homepage and then select the Amend a Filed Return option to make the necessary changes.

2. How do I delete my TurboTax account and start over?

If you want to delete your TurboTax account and start over, you can do so by following these steps:

  1. Log in to your TurboTax account.
  2. Click on the Help button in the top right corner of the screen.
  3. Select Contact us from the drop-down menu.
  4. Click on Talk to a specialist and then select Delete my account.
  5. Fill out the form and submit it to delete your account.

3. How do I clear my TurboTax return and start over?

If you want to clear your TurboTax return and start over, you can do so by following these steps:

  1. Log in to your TurboTax account.
  2. Click on My Account in the top right corner of the screen.
  3. Select Clear and Start Over from the drop-down menu.
  4. Follow the prompts to clear your return and start over.

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