Please advise if I am using the wrong version of turbo tax or if I'm missing where my W2 income and 1098-E deductions should be entered in turbo tax business 2016.
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Has the llc multiple partners or elected to be a corporation?
If not, TTBusiness is not the program to use, as the llc would be a disregarded entity. As a disregarded entity, it would be reported as self-employment income on your personal return. For an on-line program, Turbotax Self-Employed would be necessary (or a desktop program such as Deluxe or above.)
Has the llc multiple partners or elected to be a corporation?
If not, TTBusiness is not the program to use, as the llc would be a disregarded entity. As a disregarded entity, it would be reported as self-employment income on your personal return. For an on-line program, Turbotax Self-Employed would be necessary (or a desktop program such as Deluxe or above.)
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