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After you file
Which type of business do you have and which product are you using?
If you have a sole proprietorship or a disregarded entity (such as a single-member LLC without an election to be treated as a corporation), then you would report on Schedule C. Schedule C is supported by TurboTax Home & Business (or TurboTax Self-Employed for the 2020 tax year).
If you have a business entity, such as a corporation, partnership, or multi-member LLC, then you would have to use TurboTax Business.
‎November 1, 2020
6:01 AM