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dannymac
Returning Member

Create a business on TurboTax

How do I set up a business on my TurboTax Deluxe for my 2019 taxes?

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DavidD66
Expert Alumni

Create a business on TurboTax

If you are self-employed sole proprietor, or a single member LLC, you will file your business income and expenses on Schedule C of your personal return.  Although you can report income on Schedule C in Deluxe or Premier, you will need Self-Employed (or Home & Business if using Desktop) to report income and expenses.

 

For more information on TurboTax Self-Employed go to:  TurboTax Self-Employed

 

If your business is a partnership, a corporation, a multi-member LLC, or a single member LLC that has chosen to be taxed as an S-Corp, you will need to use TurboTax Business.

 

For more information on TurboTax Business go to:  TurboTax Business

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Create a business on TurboTax

You only need the Self Employed version to report expenses in the Online version.   You can enter self employment income and expenses in any Desktop program.  All the Desktop programs  have the same forms, you just get more help in the Home & Business version.

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