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Get your taxes done using TurboTax
You can enter businesses in both Deluxe and Premier. HOWEVER, the ability to deduct a lot of ordinary business expenses is limited in both products. Thus is why most taxpayers with a normal business with income and expenses use the Home and Business edition.
Oh, I just thought of inventory. I imagine that Mary Kay distributors may have a lot of inventory, and I wouldn't be surprised that only the Home & Business version of the product would support handling the reporting of inventory and Cost of Goods Sold.
‎June 4, 2019
12:34 PM