Cannot do Business and Personal Tax Online anymore

[shin]

Hi Guys,

I just logged in to start on my taxes and saw that Turbotax now asking which product I want to use (personal and Business) and I noticed that I cannot do my small business on the personal and vice versa. There was no selection for the past 3 years and I was able to do both on the same account but now it's separated.

Can any one help me on what to do so I can do them both at the same time in one go instead of having to do it separately or am I missing something?

This is the 6th year since I used Turbotax online

Thank you,

Arnold

[rjs]

They changed the name of the TurboTax Online product, but it's still the same product. TurboTax Premium is what used to be called Self-Employed. You can use Premium to do your personal Form 1040 tax return including a sole proprietorship or single-member LLC business that is reported on Schedule C. TurboTax Premium is not the same as TurboTax Premier that was available in the past. Premier has been eliminated.

[VolvoGirl]

Yes you need the new Premium.  It is replacing both the Premier and Self Employed versions.  It can do your small business schedule C.   Unless you need to file a separate Business return like a partnership or LLC, etc.

Online Premium  https://turbotax.intuit.com/personal-taxes/online/premium

[shin]

It's actually showing Premium but I don't see any for S Corp?

[shin]

Sorry I'm using premium but not seeing any for S Corp

[VolvoGirl]

Do you need to prepare the 1120 S corp return?  That has never been available for Online.  You need Turbo Tax Business.  It is not available to do online or on a Mac.  And it will not do your personal 1040 return.  You need 2 separate programs.  Desktop Business and a personal version for your 1040 tax return.  You can use online to do a personal return or buy any Desktop program.

You can buy the Window's version here…..

TurboTax® Business Desktop 2023-2024 | Tax Software Download

Or do you just need to enter the K-1 you got from the S Corp return?  If you were using online to fill out a S corp return you were filling it on Schedule C which is very wrong.