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Level 2
posted Jan 12, 2022 10:14:22 AM

Which software - Can’t find one that supports

My wife and I are employed, own a home and have dependents. We also started a business (Sole member LLC) which we will file as a schedule C on our tax return. The business has employees, independent contractors, and assets with a depreciation schedule. I have always used TurboTax but I am struggling to find a software from intuit that serves this need. Very surprising! I need support for an 8594 form, purchase of assets from previous business. And support for my own personal taxes, 1040, stocks…etc. 
tax act seems to have me covered with this

https://www.taxact.com/individual-taxes/download/sole-proprietor

 

What software does TurboTax have or is it nothing!! 

 

0 4 785
4 Replies
Level 15
Jan 12, 2022 10:31:24 AM

There is no version of TurboTax that supports Form 8594.

 

Level 2
Jan 12, 2022 10:41:52 AM

Well dam. That’s crazyness. It’s been real but it looks like my time with TurboTax has come to an end

Level 15
Jan 12, 2022 10:45:32 AM

Please clarify.  You said "we" started a business, but then you said it's a solo LLC.  If it's a Partnership etc, then you need to use TT Business, which does include that form:

TurboTax® Business CD/Download 2021-2022 Desktop Software, File Business Taxes (intuit.com)

Level 2
Jan 12, 2022 11:24:52 AM

Business/LLC is in my name only, not my wife