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?

californianewllcAuthor

Level 2

You will need to prepare your business return first. If it's a pass-through business, a Schedule K-1 will be generated and you will need to include it on your personal tax (on Home & Business software).

ok, yes, I am doing my business llc first, but now it is asking about state taxes. $55 extra for california taxes dowload it says, do i pay.. or since I have already a CD on my pc home-business turbotax 2020 i don't need that?