I have Turbo Tax Home and Business 2022. It doesn't allow me to import the Estate tax (Form 1041) from last year. Error msg: "You have selected 2021 Estate / Trust (Form 1041) return which will not work with this."
How do I proceed to file thhe Form 1041?
You need the Business program which handles Corporations, Partnerships and Estates.
Odd advertising from Intuit. The "Home&Business" version handles less than the "Business" version. Who would have guessed.
I suppose another way to extract more $$$ from the customers.
Looks like I should have bought "Home" plus "Business" instead of the assumed to be combined "Home & Business" product.
Go figure.....
That doesn't answer what "Home & Business" is for and what the differences between the "Home & Business" business portion and the "Business" package are.
Misleading product names bordering on false advertising.
You would need 2 programs.
Turbo Tax Business and Turbo Tax Home & Business are not the same. Home & Business is for personal 1040 returns that need Schedule C for self employment income. You can use either the Desktop program or the Online version for your personal return.
Turbo Tax Business is a separate program from Home & Business. TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors. Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.