TurboTax Premier or TurboTax Home & Business

Bachatera — Sun, 19 Jan 2025 22:10:32 GMT

Hi,

In 2024, I sold a rental property under a single-member LLC of which I'm the only member. I also worked as an independent consultant which I will receive a 1099 and I have minimal business expense to report. I also have W2s, rental income & expenses, 1099 for interests & dividends etc. Can I use TurboTax Premier to file my tax return in 2024? Or do I have to use TurboTax Home & Business?

And, I used TurboTax Premier to file my 2023 tax return. If I were to use Home & Business for 2024, will TurboTax transfer the information smoothly?

Thank you.

Re: TurboTax Premier or TurboTax Home & Business

DoninGA — Sun, 19 Jan 2025 22:15:47 GMT

All of the TurboTax desktop editions include the same forms, schedules and worksheet. So, you can use either the Premier or the Home & Business desktop editions.

The 2023 tax data file from the Home & Business edition can be transferred to a 2024 Premier desktop edition. Assuming both the 2023 and 2024 software is installed on the same computer.

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TurboTax Premier or TurboTax Home & Business

Re: TurboTax Premier or TurboTax Home & Business