- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
You mentioned you have the small business version. If that's the case, then you are filing a return for an incorporated business. So it means you cannot file your personal return with the business version. You will file your business taxes using TurboTax business and transfer the resulting K-1 to your personal tax return.
If you do have TurboTax home and business, then you can file your self-employed business along with your personal return. So, if that's what you have, then you can file your personal taxes by claiming the tuition credit for your daughter. If you are claiming the tuition credit, then you will be claiming your daughter as a dependent and she will indicate on her own taxes that she has been claimed on someone else's tax return. It is usually more beneficial for the parent to claim the tuition credit since your daughter may not have made enough income to realize the benefit of the tuition credit.
**Mark the post that answers your question by clicking on "Mark as Best Answer"