We've used Self Employed/Premier, we no longer have a business or self employment to claim. Can we use Deluxe now? Business purchases were expensed for the year.

Forum|Forum|7 years ago
June 1, 2019
3 replies
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We started with the TurboTax Live and imported previous year's taxes but all the questions pertaining to the self employment and business no longer apply. We were not actively conducting business, all purchases were expensed the same year with no depreciation. I realize we may have to start over but the only form I see we may need was to allocate the home office equipment from business to personal use.

Which software is best? We really want to simplify our tax filing going forward.

TurboTax Online

Best answer by

Yes, it sounds like you might qualify to use TurboTax Deluxe, but it depends what else you have in your situation. Premier is necessary if you have a rental property or investments. Deluxe is great if you only have itemized deductions.

If you don't have any business income or expenses and you disposed of or ended your business, last year, then you don't need to use TurboTax Self-Employed.

You should have a final year return business return for whatever year you stopped your self employed business. If you had any assets in your business (like a vehicle or home office), then you should mark these disposed of and no longer used for business. I can provide instructions, if needed.

The only difference between the editions is access to the additional sections and forms, so it won't make your return more complicated by having these sections. Of course, you shouldn't pay extra if you don't need the section!

In the software, you can skip around them at anytime by clicking the tabs on top and selecting I'll choose what I work on and then Show me the full listing.

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Anonymous

What do you mean business purchases were expensed for the year? If you want to deduct any business expenses, you'll need self-employed.

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mktgbs99Author

Level 2

We no longer have a business to claim expenses...you have to read the details and not the heading to know there are none but that previous years they were claimed.

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