Solved
do i need to repurchase coming into the new year
Yes, you have to purchase a new product every year. See the FAQ at the following link.
https://ttlc.intuit.com/questions/1901284-do-i-need-to-buy-a-new-turbotax-program-every-year
The software that you use in 2016 to file your tax return for 2015 is called the 2015 software. It's the year that you are filing for, not the year in which you are filing. TurboTax for 2016 will be available a year from now, at the end of 2016, to file your tax return for 2016.
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