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New Member
posted May 31, 2019 7:07:42 PM

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.

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1 Best answer
New Member
May 31, 2019 7:07:43 PM

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 .

1 Replies
New Member
May 31, 2019 7:07:43 PM

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 .