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Level 2
March 28, 2026
Question

Which Turbotax version do I need? No longer have a side business but still have some (negative) side income.

  • March 28, 2026
  • 1 reply
  • 86 views

Which version of TurboTax do I need for a W-2 job, stock and mututal fund investments, and a side gig that has negative income?

 

Up until the pandemic, I used TurboTax Home and Business because I had three side gigs that generated positive income besides my W-2 job.

 

For tax year 2025 and going forward, I only have my W-2 job and the eBay re-sales. The re-sales are just selling items that I bought on eBay in the past in order to recoup some of those costs. Because the sale price is always less than the original purchase prices (including taxes, fees, and shipping), the net “profit” is a loss. For 2025, I sold 4 items on eBay that year, and the net loss was about $50. (-$50).  I still have the investments, and those generated dividends with 1099 forms. 

 

So, can I use TurboTax Premier instead TurboTax Home and Business? 

    1 reply

    DoninGA
    Level 15
    Level 15
    March 28, 2026

    You can use any of the TurboTax desktop editions for your situation since they all have the same forms, schedules and worksheets.  You only get more help and guidance using the higher editions.  So the Premier or Deluxe editions would be fine for you.

    IrasacoAuthor
    Level 2
    March 30, 2026

    Thanks for this response.