Why am I told I need to upgrade to self employed version? I am retired and want the Premier version.

TurboTax offers different versions of software, each designed to meet the needs of specific groups of taxpayers. The Premier version is designed for those who have investment income, rental property income, or capital gains. The self-employed version is designed for those who are self-employed, have a side hustle, or are independent contractors.

When you enter information about your income and deductions in TurboTax, the software will ask you questions to determine which version is best suited for your situation. If the software determines that the self-employed version is more appropriate based on your answers, you will be prompted to upgrade.

As per our TurboTax FAQ: if you received a T4A (Statement of Pension, Retirement, Annuity, and Other Income) slip with amounts in box 20 or 48, you guessed it – you have business income.

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