Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ChrnoBlitz
Returning Member

Remove

 
1 Reply
MollsBBU
New Member

Remove

Which version of TurboTax you use in this case would depend on what type of business you have. 

To file a return for a corporation (Form 1120)S corporation (Form 1120-S), partnership/multi-member LLC (Form 1065), or homeowner association (1120-H), you'll need TurboTax Business to file for your business taxes. You'll then need to submit a 1040, 1040EZ, or 1040A for your personal taxes. 

However, if you're in business for yourself and haven't incorporated or created an LLC, use TurboTax Self-Employed instead. This program will prepare the Schedule C for your business as well as the right 1040 form for you.

You do not need a profit to file your business returns with Self-Employed. The interview should guide you entering income and expenses, but if you need any additional guidance, please comment back.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.46m
Members

2.57m
Discussions

Manage cookies
v