I have downloaded Turbotax Business 2024. If I have a LLC multi-member business with each person recoginizing a profit(loss) from the business on each person's personal taxes I will need to use a separate Turbotax software to do the personal taxes.
Will I be able to download Turbotax Home and Business 2024 on the same computer as the Turbotax Business 2024? I do not want to make the purchase before being sure I can do this. In previous years I have purchased basic programs and the deluxe programs at the same time and was not able to put them both on the same computer.
If this is something that is not allowed then Turbotax really needs to re-evaluate the process of LLC's and corporations filing taxes and having to file personal taxes as well using a separate program. It causes great difficulty not being able to use the same computer and it is very costly having to purchase 2 different programs. Please advise as I would like to know before making any purchases.
Your live online options are just much too expensive to use for the small company the is the LLC I will be filing.
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Yes, you can have TurboTax Business (handles only business tax returns) and Home & Business (handles personal tax returns) both installed.
Yes that will work. Turbo Tax Business is completely separate from the personal versions. Home & Business is for personal returns that need extra help for Schedule C.
Yes, you can have TurboTax Business (handles only business tax returns) and Home & Business (handles personal tax returns) both installed.
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