Deductions & credits

Depends what kind of business entity you have set up.  Turbo Tax Business is for 1041 Estate/Trust Returns, 1065 Partnership/multi member LLC and 1120 S or C corp returns.  It will not do your personal 1040 tax return.

 

If your business is a self employment/sole proprietor/independent contractor/freelance etc. or a Single Member LLC that is NOT a S corp. you file Schedule C in your personal tax return.  Any Desktop version will work but the Home & Business version will have the most help.  If you want to use the Online web version you would need to use the Self Employed version to fill out schedule C.