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J3RM
Returning Member

I have a full time W2, but also have an LLC. Which TurboTax version do I need?

Hi,

 

I'm really unsure if my typical choice of using Deluxe will work to file my Texas W2, or if I need to use Self-Employed.

 

My LLC is just me and I started in maybe October 2021 to resell and flip items. Honestly, did not make much profit or any at all before end of the year.

 

I do want to report expenses that I purchased for the LLC and report depreciation/losses as well.

 

My main income is from my full time job and my LLC is just a side business for extra income. Thank you for any help and tips you can provide.

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3 Replies
FangxiaL
Expert Alumni

I have a full time W2, but also have an LLC. Which TurboTax version do I need?

You need to file your taxes with the TurboTax Self-Employed edition. You can report your business income and expenses on a Schedule C of Form 1040. 

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J3RM
Returning Member

I have a full time W2, but also have an LLC. Which TurboTax version do I need?

As well as file my W2 and dependent too, correct?

ColeenD3
Expert Alumni

I have a full time W2, but also have an LLC. Which TurboTax version do I need?

Yes, the self-employed version will handle everything.

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