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New Member
posted Mar 31, 2021 8:13:36 AM

I want to purchase turbo tax for personal and business. How do I do this?

I need to buy turbo tax for businesss and personal.  Where can I fond this?

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2 Replies
Level 15
Mar 31, 2021 8:15:36 AM

Go to this TurboTax website for the 2020 desktop CD/Download edition of Home & Business - https://turbotax.intuit.com/personal-taxes/cd-download/

Level 15
Mar 31, 2021 8:21:24 AM

If you have a Single Member LLC, then your business defaults to be taxed as self-employed and you can file your business with your personal return, using TurboTax Self-Employed (online) or TurboTax Home and Business (desktop). 

If you have a 2+ members in your LLC, then the business defaults to be taxed as a Partnership and needs to file form 1065, which you can do with TurboTax Business. You'll give each member a schedule K-1 (1065), which you'll need to enter with your personal return, this year in TurboTax Premier.  

If you elected S-corp status for your LLC (to be taxed as an S-corp), then in either case, you'll need TurboTax Business to file your 1120-S return. 

You can access the TurboTax Business software here and compare the personal product here: https://turbotax.intuit.com/personal-taxes/compare/online/