I have a small business and I am doing Turbo Tax Selfemployed but I asked a question and the answer said to go to small business am I in the wrong Turbo tax?

[TomYoung · Accepted solution]

Can't say, really, as your question lacks the detail to answer definitively.

IF you are running your business as a sole proprietor/independent contractor THEN you report your business activities on Schedule C using TurboTax Self Employed.  This applies even if you are conducting your business through a single-member LLC that has not elected to report taxes as an S or C corp.  Such LLC's are considered "disregarded entities" by the IRS and are ignored for tax purposes.

IF you are running your business through an S or C corp or through an LLC that has elected S or C corp income tax reporting THEN you need to file a Form 1120S or Form 1120 and these forms cannot be generated by TurboTax Self Employed.  In this case you need to use the separate TurboTax Business product.  This program is available only as a Windows "desktop" product.

Tom Young