The system requirements can be found at the link below.
https://turbotax.intuit.com/small-business-taxes/cd-download/#requirements
The system requirements at that link don't say anything about processor types and compatibility. So, they don't answer the question whether TurboTax Business 2023 will work on Windows 11 on Arm.
Please contact turbo tax support for more specific information. This link does provide hardware specific minimum requirements but no processor information is mentioned. It may not be an issue since it isn't listed as a hardware requirement.
Not sure about the Business version, but the Deluxe version will not install on an ARM processor. Has always been able to install in the past. Good luck getting support as the only option is to call them and they will have no idea what an ARM processor is.