Turbotax: TTT17 Folder & Installation over Existing Installation

 

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Q: Can one install a new version of TurboTax if one has a previous version of TurboTax currently installed on the computer? How does one check if Turbotax for each year is in a different folder? A: As shown in the video
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Relevant Material: "Installing the same version of TurboTax desktop software over an existing installation typically replaces the program files without affecting your saved tax data files, which are stored separately. The significance and potential effects largely depend on why you are reinstalling. 
Key Implications of Reinstallation
  • Data Preservation: Your tax return data files (.tax20XX files) are stored in your computer's Documents\TurboTax folder by default, separate from the software installation location. Reinstalling the program generally leaves these data files untouched.
  • Version Management: The installer for a specific tax year (e.g., 2024) is designed to manage that year's application. If you try to install a different version for the same year (e.g., Premier over Deluxe), the installer will prompt you to replace the existing version.
  • License Count (Important): Each reinstallation, even on the same physical computer, may count as an additional installation against your license limit (typically five computers per license). Be mindful of this limit.
  • Troubleshooting: Reinstalling can be a common troubleshooting step for corrupted program files or installation errors.
  • Updates: The installation process ensures you have the latest software updates and forms available for that tax year. 
Scenarios and Significance
  • If you are upgrading within the same tax year (e.g., from Deluxe to Premier): The new version will overwrite the old one, but you won't lose your data. The new features and forms will be available when you open your existing return.
  • If you are trying to use multiple versions for the same year: TurboTax doesn't officially support having two different versions of the same year installed side-by-side. A workaround involves manually renaming the installation folder before installing the second version.
  • If you are installing a different tax year's software: The software for each tax year (e.g., 2023 and 2024) installs into a separate, year-specific folder, so they do not conflict with each other.
  • If you are reinstalling older software (prior years): Be aware that very old versions (older than the current and three previous years) may not activate or function correctly as registration servers for them are decommissioned. 
Best Practice
Before any significant software changes or computer migration, it is highly recommended to:
  • Save a PDF copy of all your filed tax returns for your records.
  • Back up your .tax20XX data files to a safe location, such as a USB drive or cloud storage. 
For more guidance, check the TurboTax Support website or your Intuit account for download access and license management. .
Installing a different year of TurboTax does not overwrite or affect previous installations; each tax year is a completely separate program. You can have multiple years of the software installed on the same computer concurrently. 
Key Significance
  • Separate Programs: Each year's TurboTax software is a standalone program designed for the specific tax laws, forms, and regulations of that particular year.
  • No Data Conflict: Installing a new year's software will not conflict with or corrupt the data files (.tax20XX files) or installations from prior years. Your existing tax return data files are saved separately, typically in your Documents folder.
  • Data Transfer: The primary interaction between different years' installations is the ability of the current year's program to import basic personal information and some prior-year data (like depreciation) from the previous year's data file to save you data entry time.
  • Amending Returns: Keeping prior years' software installed can be useful if you need to amend a past tax return, as you need the specific year's program to open and modify its corresponding tax file.
  • Support Limitations: While you can keep old software, TurboTax only actively supports the most recent three years (plus the current year). Older versions may not receive updates (which are crucial for accurate filing) or be able to install necessary state programs, and very old versions may not work on modern operating systems.
  • Backup is Key: It is highly recommended to save a copy of your completed tax return as a PDF file (with all worksheets) for your records, as this can be opened and viewed anytime without needing the specific year's TurboTax software installed. 
In short, installing a different year of TurboTax is safe and a standard procedure for annual tax filing. ." (Google) 
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