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Level 1
January 18, 2020
Question

Which program should I buy

  • January 18, 2020
  • 2 replies
  • 16 views

I am a Chiropractor and have an s-corp for my company. Which program should I buy? These are the forms my previous accountant had filed 1120s, K1, 4562 and a deeper itemization of additional expenses than show up on the 1120s. My previous taxes had been more complicated but are very straightforward now 🙂  Thanks!  

2 replies

DawnC
Level 15
January 18, 2020

You will need TurboTax Business for your company.  That program is not available for online use.  It can prepare the business forms that your previous accountant did for you in previous years.  Clicking the blue link will show you more information on that program.  

 

To do your personal taxes, you have a couple of options, depending on whether you are going to use online or desktop (CD/downloadable) software.  The following products support K-1's, and you can click on the blue links to learn more about each of them:

  • TurboTax Online - Premier or Self Employed
  • TurboTax CD\Download  - You can use any product, but you will get extra guidance for K-1 entries if you select Premier or Home & Business

What's the difference between TurboTax Online and the TurboTax CD/Download?

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DawnC
Level 15
January 18, 2020

I just noticed that you are using Home & Biz for Mac which is perfect for your personal tax prep.  However, I need to let you know that the TurboTax Business software is only available for Windows, unfortunately.   

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