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I have a regular job (W2) and own a husband and wife LLC, what is the best TT to use for personal and business: Home & Small Business, Standard Deluxe or Business?
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I have a regular job (W2) and own a husband and wife LLC, what is the best TT to use for personal and business: Home & Small Business, Standard Deluxe or Business?
It depends. If you need to file a partnership return, you would need to use TurboTax Business for that return. (It is a separate return from the personal return, and produces Form K-1). However, if you are in a community property state, you may file two separate Schedule C returns. You can use TurboTax Deluxe (CD/download version) to do this, but it will be easier using TurboTax Home and Business.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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I have a regular job (W2) and own a husband and wife LLC, what is the best TT to use for personal and business: Home & Small Business, Standard Deluxe or Business?
It depends. If you need to file a partnership return, you would need to use TurboTax Business for that return. (It is a separate return from the personal return, and produces Form K-1). However, if you are in a community property state, you may file two separate Schedule C returns. You can use TurboTax Deluxe (CD/download version) to do this, but it will be easier using TurboTax Home and Business.
**Mark the post that answers your question by clicking on "Mark as Best Answer"