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Do I Need to upgrade to TurboTax business. I Filed with Turbotax self employed and couldn't issue myself a k1. if I do upgrade, will it transfer my data?

 
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IsabellaG
Expert Alumni

Do I Need to upgrade to TurboTax business. I Filed with Turbotax self employed and couldn't issue myself a k1. if I do upgrade, will it transfer my data?

It's not an upgrade, it's a different program. If you have an S-Corporation or Partnership that issues you a K-1 form, you'll need to purchase  TurboTax Business. It's only available as a CD/Download. 

TurboTax Business does not handle personal returns. After you prepare your business return, you'll need either an online or a CD/Download Product to prepare your  Form 1040. You'll need to enter your K-1 manually.

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1 Reply
IsabellaG
Expert Alumni

Do I Need to upgrade to TurboTax business. I Filed with Turbotax self employed and couldn't issue myself a k1. if I do upgrade, will it transfer my data?

It's not an upgrade, it's a different program. If you have an S-Corporation or Partnership that issues you a K-1 form, you'll need to purchase  TurboTax Business. It's only available as a CD/Download. 

TurboTax Business does not handle personal returns. After you prepare your business return, you'll need either an online or a CD/Download Product to prepare your  Form 1040. You'll need to enter your K-1 manually.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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