"we" are self employed? If the business is owned by more than one person and has NOT elected to be treated "like an S-Corp" for tax purposes, then the business income/expenses needs to be reported on a 1065 Partnership return. If S-corp status was elected, it needs to be reported on an 1120-S corporate return.
For either you need TurboTax Business (different from Home & Business). You need to complete and file the business return before you can even start the personal return. The business will issue at least a K-1 (and a W-2 if an S-Corp) to the owners, which will be needed for your personal tax return. Even if the owners are married to each other and filing a joint return, the K-1 ensures each owner is properly credited on their Social Security accounts.
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https://turbotax.intuit.com/small-business-taxes/">https://turbotax.intuit.com/small-business-taxes/...>
You can probably get TurboTax Business cheaper if you buy it over the counter at a local authorized reseller.
TT Business is not available as an online product, or for MACs.
