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Which Version & Additional Filing Fees for Adult Dependent?
Summary: Adult child dependent has own business that will be disregarded entity for federal taxes. Can I buy one license for Home & Business (instead of Premier) and then just pay an additional filing fee if he has to file? Or do I have to buy two versions and licenses? Can you have multiple filers and just pay an additional filing fee under one software license?
Details: I have used Premier for years and for 2025 have an adult child that will still be a dependent based on income and status in school. Child did not have to file for 2024. For 2025 child has his own business, but business will likely not generate enough income in 2025 to require filing. I am willing to buy the Home & Business version to do the taxes correct, but will it allow me to start with one filing for me and then another for him to determine that and if he does have to file use same software and just pay to file? I can try and figure it out from last year's software without the business part (for example, can I start a return under his name whether I have to pay an additional fee or not).