Amazon shows "Home & Business" & "Business" options. What is the difference?
I have a home business but also have a w-2 from unrelated employer........
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TurboTax Business is required if you have an S-corps, C-corps, multi-member partnership or estate return to prepare. TT Business cannot prepare a personal Form 1040.
If you are self-employed and have a sole proprietorship that is NOT organized as any of the above mentioned, then you can use Home and Business for your self-employment income and W-2 income.
Thanks for the response.
To further clarify, I am an LCC (sole Proprietorship) home business. PLUS, I have a W-2 from an unrelated employer.
So I can use Home & Business to completely cover my needs?
Yes, you can use Home and Business. Are you new to being self-employed?
https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct
https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-
calculator-2021-2022-50907/
https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs
If you live in a state with a state income tax, you might need to make estimated payments to your state.
https://turbotax.intuit.com/tax-tools/calculators/self-employed/
Yes, In 2024I started my new business. Its a product a make in my basement and sold locally. I have a LLC & EIN numbers.
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