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Can TurboTax Business edition do both estate and home business related taxes?

I need to handle taxes for both an estate I administered as well as handle taxes related to a personal home business & rentals.  Looks like only TurboTax Business can handle the estate taxes (1041), but can that version also be used for my personal home business w/ rental income tax filings?  Or do I need to purchase 2 different versions of TT (Business & Home/Business) versions?

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2 Replies

Can TurboTax Business edition do both estate and home business related taxes?


@Jam772 wrote:

...do I need to purchase 2 different versions of TT (Business & Home/Business) versions?


You need to purchase two different versions; TurboTax Business and also a personal income tax preparation product, such as TurboTax Home & Business.

 

TurboTax Business can only be used to prepare income tax returns for entities (e.g., trusts/estates).

Can TurboTax Business edition do both estate and home business related taxes?

You need two separate TurboTax editions. 

The Business Edition for the Estate and Trust tax return, Form 1041 - https://turbotax.intuit.com/small-business-taxes/

And one of the TurboTax personal desktop CD/Download editions.  The Home & Business edition would be recommended - https://turbotax.intuit.com/personal-taxes/cd-download/

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