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Suitable Turbotax Product - My wife and I have W2 job and we have two rentals homes through 2 individual LLCs.
Hello All - I would like to know whether I am using the correct product for tax filing. My situation is as follows,
- We both have W2 Jobs
- Both have Brokerage accounts
- Rental Homes through Multi-member LLC (Wife and I 50/50)
I spoke to support in Turbotax and Purchased Turbotax Home and Business, is this the right product (considering a multi-member LLC)? Home and Business indeed ask for a Business name and EIN but I didn't see the deduction section like office space n all.
If I purchased the wrong product and need to switch to Turbotax Business, how can I do it? TurboTax Business is only for Business? Can I do my personal tax too or do I need to buy a separate product for that?
Appreciate your answers and Respectfully - Christo Thomas
Topics:
March 21, 2023
3:17 PM