topic Home & Business vs Business in Get your taxes done using TurboTax

topic Home & Business vs Business in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/home-business-vs-business/01/3425980#M1264191 <P>Amazon shows "Home & Business" & "Business" options.    What is the difference?</P><P> </P><P>I have a home business but also have a w-2 from unrelated employer........</P> Mon, 20 Jan 2025 16:42:17 GMT Darksideodds 2025-01-20T16:42:17Z Home & Business vs Business https://ttlc.intuit.com/community/taxes/discussion/home-business-vs-business/01/3425980#M1264191 <P>Amazon shows "Home & Business" & "Business" options.    What is the difference?</P><P> </P><P>I have a home business but also have a w-2 from unrelated employer........</P> Mon, 20 Jan 2025 16:42:17 GMT https://ttlc.intuit.com/community/taxes/discussion/home-business-vs-business/01/3425980#M1264191 Darksideodds 2025-01-20T16:42:17Z Re: Home & Business vs Business https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3425988#M1264193 <P>TurboTax Business is required if you have an S-corps, C-corps, multi-member partnership or estate return to prepare.  TT Business cannot prepare a personal Form 1040.  </P> <P> </P> <P>If you are self-employed and have a sole proprietorship that is NOT organized as any of the above mentioned, then you can use Home and Business for your self-employment income and W-2 income.</P> Mon, 20 Jan 2025 16:47:42 GMT https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3425988#M1264193 xmasbaby0 2025-01-20T16:47:42Z Re: Home & Business vs Business https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426014#M1264204 <P>Thanks for the response.   </P><P> </P><P>To further clarify, I am an LCC (sole P<SPAN>roprietorship) home business.   PLUS, I have a W-2 from an unrelated employer.</SPAN></P><P> </P><P><SPAN>So I can use Home & Business to completely cover my needs?</SPAN></P> Mon, 20 Jan 2025 17:09:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426014#M1264204 Darksideodds 2025-01-20T17:09:02Z Re: Home & Business vs Business https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426031#M1264211 <P>Yes, you can use Home and Business.   Are you new to being self-employed?</P> <P> </P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes" target="_blank">https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes</A></SPAN></P> <P> </P> <P> </P> <P><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US" target="_blank">https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US</A></P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653" target="_blank">https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653</A></SPAN></P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922" target="_blank">https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922</A></SPAN></P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax" target="_blank">https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax</A></SPAN></P> <P><SPAN><A href="https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c" target="_blank">https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c</A></SPAN></P> <P> </P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct" target="_blank">https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct</A></SPAN></P> <P> </P> <P> </P> <P><SPAN><A href="https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-" target="_blank">https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-</A></SPAN></P> <P>calculator-2021-2022-50907/</P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs" target="_blank">https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs</A></SPAN></P> <P> </P> <P> </P> <P>If you live in a state with a state income tax, you might need to make estimated payments to your state.</P> <P> </P> <P> </P> <P><SPAN><A href="https://turbotax.intuit.com/tax-tools/calculators/self-employed/" target="_blank">https://turbotax.intuit.com/tax-tools/calculators/self-employed/</A></SPAN></P> <P> </P> <P><A href="https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413" target="_blank">https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413</A></P> <P> </P> <P> </P> <P> </P> <P><SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad" target="_blank">https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad</A></SPAN></P> <P> </P> Mon, 20 Jan 2025 17:19:18 GMT https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426031#M1264211 xmasbaby0 2025-01-20T17:19:18Z Re: Home & Business vs Business https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426036#M1264215 <P>Yes, In 2024I started my new business.    Its a product a make in my basement and sold locally.    I have a LLC & EIN numbers.</P> Mon, 20 Jan 2025 17:22:30 GMT https://ttlc.intuit.com/community/taxes/discussion/re-home-business-vs-business/01/3426036#M1264215 Darksideodds 2025-01-20T17:22:30Z