Correct, you can use the Home & Business for all of the sole proprietorships - Schedule Cs you need. The TurboTax Business CD is only going to file the federal and state LLC partnership return Form 1065. Everything else (including the K-1 from the partnership), all Form 1040s and Schedule Cs can be filed using the personal product - Home & Business.
The TurboTax Business program is only going to handle the partnership. It will create your K-1s needed to file the Form 1040s which will be done with Home & Business.
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