I want to use Turbo Tax for the first time to file my Small business and personal tax returns for 2020

Forum|Forum|5 years ago
March 4, 2021
1 reply
7 views

where do I purchase Turbo Tax for small business?

TurboTax Self Employed Online

VolvoGirl

Level 15

What kind of small business? Is it self employment on Schedule C or do you need to file a separate Business return for a S Corp or LLC or partnership 1120 or 1065?

if you need Turbo Tax Business.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. It is a separate program from the Desktop Home & Business program or the Online Self Employed version.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.

https://turbotax.intuit.com/small-business-taxes

linnea barrett

Level 2

It is a partnership LLC and I need to file two separate returns, one for my individual personal tax return, the other for the small business. Unless there is a tax return where I can file both together? It is a home based business.

VolvoGirl

Level 15

Yes you need 2 different programs. Turbo Tax Business for the partnership and a personal version.

FOR BUSINESS

If you need to do a separate Business return for a 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust return you need to buy Turbo Tax Business in addition to a personal program.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's (Win 8 or newer) version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
https://turbotax.intuit.com/small-business-taxes

Windows system requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175