TT 2020 or need to buy TT 2021?

[Kanabar]

Maybe a naïve question: I bought TT business 2020 for my LLC taxes last year. Can I re-use this same software for the 2021 LLC taxes or do I need to download a new TT business 2021?

Also, in case I download a new TT 2021, will it be able to pull information from the TT file created and saved on my computer by TT 2020 last year?

Thanks!

[ee-ea]

Law and forms differ each tax year but info does transfer to the new software.

[Critter-3 · Accepted solution]

You need a new program for the 2021 tax year and yes the info transfers thru ... just follow the screen instructions.