I have more than one business. Can i file more than one business return with turbo tax business?

Forum|Forum|7 years ago
June 1, 2019
7 replies
41 views

Me and my wife each have a company. Can i use turbo tax business to file both our returns?

TurboTax Business Windows

Anonymous

Yes, with TurboTax Business (not to be confused with TurboTax Online Self-Employed or TurboTax CD\Download Home & Business), you can prepare tax returns for multiple businesses, even if they are different entity types.

For the types of returns you can prepare with TurboTax Business, click on What types of returns does TurboTax Business handle?

TurboTax Online Self-Employed and TurboTax CD\Download can prepare your personal income tax return and multiple Schedule C's Profit or Loss From Business.

For information on the above two products, click on Should I use TurboTax Self-Employed or Home & Business?

sherij1

Level 2

I just want to be sure I understand this correctly. I have two businesses. One is an S-Corp and one is LLC. Both with different names. Can I prepare my S-Corp tax return (1120S) and prepare 1099-NEC with the LLC? I do not do a tax return for the LLC because I add that income on Schedule C personal return. I just want to prepare the 1099-NEC for the LLC business.

JeffreyR77

Level 10

You will use TurboTax Business to prepare the S-Corporation return. You can prepare the 1099-NEC for the LLC with either TurboTax Business or TurboTax Self-Employed or TurboTax Home and Business.

If you use TurboTax Business, follow these steps: