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New Member
posted Feb 13, 2021 6:18:59 PM

This might sound silly. I've bought TurboTax 2018, updated it to 2019 and now I'm trying to update it for 2020, but my key isn't working. Do I need to buy it again?

I mean, I've thought it was for life up to 20 tax files ... am I wrong? Do I have to pay every year? Forgive my ignorance.

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Moderator
Feb 17, 2021 12:41:07 PM

TurboTax software can only be used to prepare returns for the tax year it was bought for, as it only has the tax forms for one tax year. If you have bought 20 returns for 2018, that means you can prepare 20 returns for the 2018 tax year. You would not be able to use the software for any past or future years. You would have to purchase the software for 2019 to create tax returns for 2019, and the same goes for 2020.