I need to know which Turbo Tax product to buy this year to assist me to file my taxes when I own a business and not made any money in 2017? I opened an LLC in 2017. TY

[cruzx]

I purchased Turbo Tax deluxe 2016, but I did not own a business.  I opened an LLC, but i never made any money - I only opened a business.  What product should I purchase to assist me?

[JulieCo · Accepted solution]

It depends.  Is your LLC a single member LLC?  If so, then you can include your LLC business activity on your personal tax return and do not have to file a separate return for the business.  You can use TurboTax Self Employment (online) or TurboTax Home & Business (CD/download) versions, plus you can use TurboTax Live if you are interested in getting live expert help in preparing your return.  

If your LLC is a multimember LLC, then a separate return would need to be filed (Form 1065) using TurboTax Business.  

Here is more information on TurboTax products:

TurboTax Online Products

Also, here is a link to the Tax Guide for Small Businesses:

https://www.irs.gov/publications/p334