Yes, TurboTax Home and Business is the right product for you for this year.
In the TurboTax program, you will set each business up separately, and the program will create a Schedule C (or Schedule E for certain rental property activities) unique to each business activity.
All of your business income and expenses will be entered into the program under the Business tab after you have entered your general personal information. Enter each business one at a time. Once you have completed the first business, you will click on the button Add Another Business.
Next year, you will be able to transfer data over, and you will be able to skip over many of the details of your existing businesses but also be able to add in the new companies that you start in 2020.
You may also wish to take a look at some of our small business tax tips located HERE or click on this link for helpful information from the IRS: IRS Small Business and Self-Employed Tax Center.
Best of luck to you and your husband on your ongoing and new business ventures!
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