Solved: 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?

 
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Employee Tax Expert

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.  

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Employee Tax Expert

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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