GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

At this point, it's unclear what additional options will be available next year in TurboTax online.  Currently, in TurboTax Premium online, references to business bad debt and the reporting of same on a tax return, require that the business owner use the accrual method of accounting.    This does not seem to mirror your specific business situation.  Therefore, perhaps it best to plan on using TurboTax Home & Business next year particularly if you have to make manual entries which require that you move into Forms mode.  

 

However, you can always start in TurboTax online and if that application does not suit your business needs, you can export what you have entered into TurboTax Home & Business without having to re-enter all of your entries.  Below is a link to a recent TurboTax article that explains the process of transferring to TurboTax CD/download from TurboTax online.  

 

How do I switch from TurboTax online to TurboTax CD/download

 

@dintymaroon 

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