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kbelarmi
Level 1

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

 
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rjs
Level 15
Level 15

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

You must include all your income in one tax return. TurboTax Self-Employed will handle everything.

 

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4 Replies
xmasbaby0
Level 15

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

Are you asking in anticipation of your 2020 return?  You will need either online Self-Employed, or any version of the desktop software, because you will need to complete a Schedule C for the self-employment expenses.  Only online Self-Employed can do that, but any version of desktop can--although you will get more help if you use desktop Home and Business.  2020 software will be available in about a month.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
kbelarmi
Level 1

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

Yes, I am asking in anticipation for the 2020 taxes.  I am trying to plan and schedule everything that I will need to do in regards to my taxes.  Although the title is self-employed can I also enter the income that I made from my employer with that option or do I need separate turbotax services to complete my taxes for 2020?

rjs
Level 15
Level 15

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

You must include all your income in one tax return. TurboTax Self-Employed will handle everything.

 

View solution in original post

kbelarmi
Level 1

I work a full time job in California where I pay taxes and I just started a side business as a sole proprietor. Which TurboTax service should I use in this situation?

Thank you!

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