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healingarttax
New Member

Should I use turbo business or turbo home and business for my filing?

I am the only owner of a Professional Corporation, it is a new business and no income yet.
1 Best answer

Accepted Solutions
HelenaC
New Member

Should I use turbo business or turbo home and business for my filing?

It depends how the Professional Corporation was filed with the IRS and what kind of income tax return it will file. Refer to your IRS Form SS-4, Application for Employer Identification Number (EIN)  for this information.

If your Professional Corporation has to prepare one of the following business income tax returns, you need to use TurboTax Business :

If the corporation had no income:

https://ttlc.intuit.com/replies/4589516

If the Personal Corporation is a Sole Proprietorship or a Single Member LLC, you may use TurboTax Self-Employed .

View solution in original post

1 Reply
HelenaC
New Member

Should I use turbo business or turbo home and business for my filing?

It depends how the Professional Corporation was filed with the IRS and what kind of income tax return it will file. Refer to your IRS Form SS-4, Application for Employer Identification Number (EIN)  for this information.

If your Professional Corporation has to prepare one of the following business income tax returns, you need to use TurboTax Business :

If the corporation had no income:

https://ttlc.intuit.com/replies/4589516

If the Personal Corporation is a Sole Proprietorship or a Single Member LLC, you may use TurboTax Self-Employed .

View solution in original post

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