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fishish25
New Member

I started a side LLC in '17 with a negative net profit (more expense than income). I am still fully employed by a company. Can I still use the free version of TurboTax?

 
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WillK
Level 9

I started a side LLC in '17 with a negative net profit (more expense than income). I am still fully employed by a company. Can I still use the free version of TurboTax?

No, since you have more sophisticated and complicated taxes due to the side business you should be using Turbo Tax Self-Employed to make sure the correct forms and calculations are done, especially since you have a loss from your side business: https://turbotax.intuit.com/personal-taxes/online/

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WillK
Level 9

I started a side LLC in '17 with a negative net profit (more expense than income). I am still fully employed by a company. Can I still use the free version of TurboTax?

No, since you have more sophisticated and complicated taxes due to the side business you should be using Turbo Tax Self-Employed to make sure the correct forms and calculations are done, especially since you have a loss from your side business: https://turbotax.intuit.com/personal-taxes/online/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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