Yes, Home & Business will handle the W-2, sale of rental property, and reporting stock options. It will also handle a single-member LLC as it is a disregarded entity and is reported on Schedule C and your personal Form 1040. You only need TurboTax Business if your LLC had multiple members or is incorporated.
Depending on elections made by the LLC and the number of members, the IRS will treat an LLC as either a corporation, partnership, or as part of the LLC’s owner’s tax return (a “disregarded entity”). Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation. For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner unless it files Form 8832 and elects to be treated as a corporation. However, for purposes of employment tax and certain excise taxes, an LLC with only one member is still considered a separate entity.
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