topic how does starting a small business affect us? in Get your taxes done using TurboTax

how does starting a small business affect us?

Makiko — Tue, 10 Mar 2026 06:57:16 GMT

We started a LLC, and we file as a married/joint. Can we still use basic Turbo Tax or should we get an upgraded one? If it is a LLC, what do we need to do differently?

Re: how does starting a small business affect us?

R-SchuleCPA — Wed, 16 Nov 2022 18:35:10 GMT

A married couple is eligible to file as a single member LLC, which will allow all income and expenses to be reported on Schedule C of your personal income tax return. Turbo Tax Self Employment module will prepare your necessary Schedule C forms.