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Are you in Canada?
This is the U.S. TurboTax public user forum. For help with Canadian taxes, please post your question in the Canada TurboTax user forum., at the following link.
https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-cahttps://turbotax.intuit.ca/tax-software/index.jsp
No, I am in the US working on US returns.
@zee10 wrote:
No, I am in the US working on US returns.
If you are using the TurboTax Business Edition for your Partnership or Corporate tax return, it cannot be used for a personal income tax, form 1040.
You will need to purchase one of the TurboTax personal editions for the Form 1040. The personal desktop editions can be used to complete and file as many personal tax returns as need. You also receive 5 free federal tax return e-files with the desktop editions - https://turbotax.intuit.com/personal-taxes/cd-download/
I would have never guessed that's what I needed to do. Thank you soooo much!!!
Would I select the business download product to do BOTH personal and my LLC? Also, does it make 1099s?
Okay----your question resembled a recent one from a "stray" user from Canada. What kind of business return are you wanting to prepare? Do you have an S-corps, C-corps, or multi-member partnership? If so, you need to use TurboTax Business software for that --- on a Windows computer. The only way to prepare a return for those kinds of business using online is to use "Live" Assisted or Full Service.
https://turbotax.intuit.com/small-business-taxes/
Desktop Business:
https://turbotax.intuit.com/small-business-taxes/cd-download/
If you use the desktop software you can prepare and e-file more than one return.
You cannot use TT Business for your personal Form 1040. So you need the software for your individual personal 1040 as well. If you are preparing returns for family members, you can prepare and e-file up to five federal returns using desktop.
DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)
https://turbotax.intuit.com/personal-taxes/cd-download/
You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.
This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.
Since you have not explained what kind of business you are preparing a return for---it is not possible to tell which software you need. If you are self-employed and are just preparing a return for a sole proprietorship, then all of your self-employment income and other kinds of income go on the same Form 1040, using any version of the desktop software, or by using online Premium.
@zee10 wrote:
Would I select the business download product to do BOTH personal and my LLC? Also, does it make 1099s?
It depends on the type of LLC you will be reporting.
Is this a single member LLC? If so, have you incorporated the LLC with the state to an S Corporation or a C Corporation
Or is this a multi-member LLC that has to file a Partnership tax return?
Great. I understand. Thank you so much for your assistance. I've used an accountant for a decade, but they've doubled their prices this year! Time for me to start doing my own thing. Thank you!
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