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My wife and I have "regular" W-2 income, consulting partnership income and 1099s. Will Turbotax Business handle all of this plus our personal taxes as well?

Want to be sure that Turbotax Business will handle both business taxes AND our personal taxes.
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2 Replies

My wife and I have "regular" W-2 income, consulting partnership income and 1099s. Will Turbotax Business handle all of this plus our personal taxes as well?


@gtkannertax wrote:
Want to be sure that Turbotax Business will handle both business taxes AND our personal taxes.

No. TurboTax Business does not support the preparation of personal income tax returns (1040).

 

You will need TurboTax Business to prepare your 1065 and another TurboTax product (e.g., Home & Business) to prepare your 1040.

My wife and I have "regular" W-2 income, consulting partnership income and 1099s. Will Turbotax Business handle all of this plus our personal taxes as well?

Do you need to prepare the Partnership return?  Then you will need 2 programs.  The Business program and a personal version.  For your personal return you can use either the Online Premier or Premium or Self Employed Version.  The online Self Employed version is for personal returns that need Schedule C for self employment income (not S corp).  Or buy any of the Desktop CD/Download programs for Windows or Mac.  All the personal Desktop programs have the same forms, you get more help in the higher versions.  

 

You can buy the Business Window's version here…..

https://turbotax.intuit.com/small-business-taxes

 

Here are the system requirements to install Turbo Tax for Windows…..

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

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