TurboTax Clear and Start Over: A Comprehensive Guide
Introduction
Hey readers,
Welcome to our in-depth guide on "TurboTax Clear and Start Over." This comprehensive resource will guide you through the process of clearing and starting over with your TurboTax account, ensuring a smooth tax filing experience. Whether you’ve encountered errors, need to make significant changes, or simply want to start fresh, this guide will provide you with the necessary steps and tips.
Section 1: Understanding the "Clear and Start Over" Feature
What is "Clear and Start Over"?
The "Clear and Start Over" feature in TurboTax allows you to delete all the information you’ve entered into your return, returning it to its original state. This can be useful if you’ve made a significant mistake, want to start from scratch, or have decided to use a different tax preparation software.
When to Use "Clear and Start Over"
You may consider using the "Clear and Start Over" feature if you:
- Have made an error that you can’t fix without deleting all the data
- Need to make significant changes to your return that involve re-entering a large portion of the data
- Are switching to a different tax preparation software
- Have accidentally entered the wrong information and need to clear out everything
Section 2: Step-by-Step Guide to Clearing and Starting Over
Step 1: Log In to TurboTax
Begin by logging in to your TurboTax account. Ensure you’re using the same account that contains the return you want to clear.
Step 2: Navigate to "My Return"
Once you’re logged in, hover over "My Return" in the top menu bar. A drop-down menu will appear.
Step 3: Select "Clear and Start Over"
From the drop-down menu, select "Clear and Start Over." TurboTax will display a warning message, informing you that this action cannot be undone.
Step 4: Confirm Your Choice
To proceed, click on the "Yes, Clear My Return" button. TurboTax will delete all the data from your return, including your W-2s, deductions, and other financial information.
Section 3: Additional Considerations
What Happens to Previous Returns?
Clearing and starting over only affects the current return you’re working on. If you have previous returns stored in TurboTax, they will not be affected.
Can I Clear and Start Over Multiple Times?
Yes, you can clear and start over as many times as you need. However, it’s recommended to only do so if necessary.
Troubleshooting Errors
If you encounter any errors while clearing and starting over, contact TurboTax customer support. They can assist you with resolving the issue and guiding you through the process.
Table: Comparison of TurboTax Clear and Start Over vs. Amend
| Feature | Clear and Start Over | Amend |
|---|---|---|
| Purpose | Reset the current return to its original state | Make changes to a previously filed return |
| Timeframe | Can be used at any time before filing | Must be filed within three years of the original filing date |
| Impact on previous returns | Does not affect previous returns | Amends the original return, which can affect other tax-related documents |
| Complexity | Simple and straightforward | Can be complex depending on the changes being made |
Conclusion
Knowing how to use the "Clear and Start Over" feature in TurboTax can save you time and frustration. Whether you need to correct errors, make significant changes, or simply start fresh, this guide has provided you with the necessary steps and considerations. By following the instructions outlined in this article, you can effectively clear and start over your TurboTax return, ensuring a successful tax filing experience.
For more helpful tax tips and articles, visit our website.
FAQ about TurboTax Clear and Start Over
What is TurboTax Clear and Start Over?
TurboTax Clear and Start Over allows you to erase all the data you’ve entered into your TurboTax return and start fresh. It does not delete your account or your saved returns.
When should I clear and start over?
You may want to clear and start over if you’ve made significant errors or if you want to start from scratch with a new tax return.
How do I clear and start over?
In TurboTax, go to the "File" menu and select "Clear and Start Over." Follow the on-screen instructions to confirm the process.
Will I lose my saved data if I clear and start over?
No, clearing and starting over will only delete the data entered into your current return. Your saved returns and account information will remain intact.
What happens if I clear and start over after e-filing my return?
If you e-file your return and then clear and start over, your original return will still be filed with the IRS. However, any changes you make after clearing and starting over will not be included in your original return.
How do I restart a return that I cleared and started over?
To restart a return that you cleared and started over, click on the "File" menu and select "Open Tax Return." Navigate to the location where your return is saved and open it.
Can I clear and start over multiple times?
Yes, you can clear and start over as many times as you need to. However, each time you do so, you will lose the data that was entered into the return.
Will clearing and starting over affect my refund?
Clearing and starting over will not directly affect your refund. However, if you make any changes to your return after clearing and starting over, your refund may be impacted.
Will I have to re-enter all my information if I clear and start over?
Yes, you will need to re-enter all the information that was deleted when you cleared and started over. However, TurboTax may be able to import some of your information, such as your W-2 data, from your previous return.
Is it possible to recover data after clearing and starting over?
No, once you clear and start over, the previous data is permanently deleted and cannot be recovered.
