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In 2020, I sold a rental property. Separately, I set up a single member LLC for another rental property. I have W2 and stocks. Can I use Turbotax Home and Business?

 
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2 Replies
ColeenD3
Expert Alumni

In 2020, I sold a rental property. Separately, I set up a single member LLC for another rental property. I have W2 and stocks. Can I use Turbotax Home and Business?

Yes, you can use Home and Business as long as you do not plan to have the LLC be taxed as a Corporation.

In 2020, I sold a rental property. Separately, I set up a single member LLC for another rental property. I have W2 and stocks. Can I use Turbotax Home and Business?

Thank you @ColeenD3.

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