Can I use Home & Business to file my personal tax and as well as generate K1 to distribute to my partners?
If I have to use TurboTax Business to generate K1, can I use the Business version to file my personal tax?
Sorry no. You would need 2 programs.
Turbo Tax Business and Turbo Tax Home & Business are not the same. Home & Business is for personal 1040 returns that need Schedule C for self employment income. You can use either the Desktop program or the Online version for your personal return.
Turbo Tax Business is a separate program from Home & Business. TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors. Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
You need Turbo Tax Business. It is a separate program from Home & Business. It is not available to do online or on a Mac. And it will not do your personal 1040 return.
You can buy the Window's version here…..
TurboTax® Business Desktop 2023-2024 | Tax Software Download
Sorry no. You would need 2 programs.
Turbo Tax Business and Turbo Tax Home & Business are not the same. Home & Business is for personal 1040 returns that need Schedule C for self employment income. You can use either the Desktop program or the Online version for your personal return.
Turbo Tax Business is a separate program from Home & Business. TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors. Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
You need Turbo Tax Business. It is a separate program from Home & Business. It is not available to do online or on a Mac. And it will not do your personal 1040 return.
You can buy the Window's version here…..
TurboTax® Business Desktop 2023-2024 | Tax Software Download