rjs
Level 15
Level 15

Business & farm

The tag below your question says that you are using TurboTax Online. Is that true, or are you using the CD/Download TurboTax software? There is no "Home/Small Business" version of TurboTax Online. If you are using TurboTax Online you need the Self-Employed or Premium (not Premier) version. If you are using the CD/Download TurboTax software you need Home & Business.


You could actually use any version of the CD/Download software. They all have the same forms. But Home & Business gives you more help and a more detailed interview for business income.


What type of organization is your business? If it's a sole proprietorship or a single-member LLC that has not elected to be treated as a corporation, then TurboTax Home & Business or TurboTax Online Premium (or Self-Employed) is the right product. If it's a multi-member LLC, partnership, S corp, or C corp you need TurboTax Business, which is not the same as Home & Business. If the business is owned by you and your spouse, post more details, including what state you live in.