I have 2 LLCs which are s corps, what version of turbo tax do I use to file my business and my personal taxes? Do I need 2 because I have 2 businesses?

bmcglaston · ‎June 4, 2019

MollsBBU · ‎June 4, 2019

For Partnerships, S Corp, C Corp, multi-member LLC, trusts and estates, you do need TurboTax Business (click here), plus an additional product for your personal 1040. One purchase of TurboTax Business will allow you to prepare two S Corp returns.

For your personal 1040 return, you'll need a different software version. Your options are:

TurboTax Online Tax Prep Programs:

TurboTax Desktop Programs:

Generally, if you have income to report from your S Corp, you'll require at least TurboTax Premier. Or, you'll need Self Employed if you have expenses to claim.

However, it is more simple to start in the Free Edition and upgrade if the program prompts you to.

View solution in original post

MollsBBU · ‎June 4, 2019

For Partnerships, S Corp, C Corp, multi-member LLC, trusts and estates, you do need TurboTax Business (click here), plus an additional product for your personal 1040. One purchase of TurboTax Business will allow you to prepare two S Corp returns.

For your personal 1040 return, you'll need a different software version. Your options are:

TurboTax Online Tax Prep Programs:

TurboTax Desktop Programs:

Generally, if you have income to report from your S Corp, you'll require at least TurboTax Premier. Or, you'll need Self Employed if you have expenses to claim.

However, it is more simple to start in the Free Edition and upgrade if the program prompts you to.

Expert does your taxes

Do it yourself

Resources

Support

I have 2 LLCs which are s corps, what version of turbo tax do I use to file my business and my personal taxes? Do I need 2 because I have 2 businesses?