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Business & farm
VolvoGirl is correct, assuming that your businesses are sole proprietorships or single-member LLCs. What that means is that you cannot show a business loss in Deluxe because you can only enter the income, not expenses. You said you had losses in both businesses, so you must have had expenses. So you will not be able to complete your tax return with TurboTax Deluxe.
If you didn't keep separate records for each business, how do you know that they both had a loss?
October 3, 2021
12:52 PM