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Level 1
posted May 10, 2021 11:06:29 AM

My company is a LLC with MultiMembers, I bought TurboTax Home&Business but it looks like is not the right one

Hi I bought TurboTax Home&Business to prepare axes for a LLC company, is it the right tool? if not, it is possible to upgrade or change it to Business 

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1 Replies
Level 15
May 10, 2021 11:11:58 AM

Sorry no.  And you can't upgrade from Home & Business to just the Business program.

 

You need Turbo Tax Business.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

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