california llc and personal software

Forum|Forum|5 years ago
April 13, 2021
1 reply
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confused, I bought a CD - turbotax Business only (llc-corpartions), now, what else do i need for state filing, I will need 1040-schedule c, and california returns.. (home and business turbotax) 2 programs here? 130 + 80 = $210... is the correct more or less?

2) also, I will file it for my daughter self employed business (not llc- but 1099).. i guess i can use the home and business for personal right?

TurboTax Home & Biz Windows

Best answer by DawnC

Correct, you can use the Home & Business for all of the sole proprietorships - Schedule Cs you need. The TurboTax Business CD is only going to file the federal and state LLC partnership return Form 1065. Everything else (including the K-1 from the partnership), all Form 1040s and Schedule Cs can be filed using the personal product - Home & Business.

The TurboTax Business program is only going to handle the partnership. It will create your K-1s needed to file the Form 1040s which will be done with Home & Business.

DawnCAnswer

Level 15

The TurboTax Business program is only going to handle the partnership. It will create your K-1s needed to file the Form 1040s which will be done with Home & Business.

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californianewllcAuthor

Level 2

can I buy CD personal home and business first, prepare drafts or so, then next week I buy CD turbo tax business for LLC. or has to be done reverse way, or what to prepare first, llc or personal?

DawnC

Level 15

You can start your personal Form 1040 in TurboTax Home and Business. But you will need the K-1 from TurboTax Business in order to complete your personal return. You can prepare the returns in any order you want, but you won't be able to finalize your personal return until you get the needed K-1 form from TurboTax Business.

Your daughter's sole proprietorship does not need anything from TurboTax Business. You will need the CA state version for both products, which you can add at any time.

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