Installing TurboTax for Home and Business

[rmarash]

I already have Turbotax installed on my computer.  I am trying to upgrade to the Home and Business version in order to file a 1041 Return.  I have downloaded the software but am getting an error message that says I need to configure my existing turbotax program using the add/remove function in the settings control panel.  What does this mean?  Do I need to uninstall the existing version of turbotax?  If I do, will I lose all of the 2024 tax files that I already created?

[dmertz]

Form 1041 is supported by TurboTax Business, not TurboTax Home & Business.  TurboTax Home & Business is only for individual tax returns, Form 1040, and cannot be used to prepare Form 1041.

[xmasbaby0]

TurboTax Business is a separate desktop download software that only works with Windows.    TT Business CAN be downloaded/installed to the same computer on which you already have Home and Business.

https://turbotax.intuit.com/small-business-taxes/cd-download/

[VolvoGirl]

Home & Business is a personal version.  You can only have 1 personal program installed.  There is a way to have 2 licenses. You don't need to install the second version just enter the License Code.  Under Help - Switch Product - Activate new product.

But using Home &  Business will not get you the 1041 tax return.   Home & Business is just for personal returns that need schedule C for self employment.  You need the separate Business program.  TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes/cd-download

You can have both a personal program and the Business program installed on the same computer at the same time.   Since you don't need Home & Business you should ask for a refund for it .