My wife and I own a partnership business. Which turbo tax software should I buy?

[DS30 · Accepted solution]

If you and your wife are partners (owners) of a partnership, then you will need to be report this partnership's income and expenses on a separate federal income tax return (Form 1065). You will need TurboTax Business and you can purchase a downloadable copy here

You will need to include your K-1 from this partnership with your individual US federal income tax return. For your personal tax return, you can start with the TurboTax Free online and TurboTax will prompt you to upgrade based on your particular situation. (All data will transfer automatically to the new upgraded version.)

If you are buying a desktop versions, you will want to use TurboTax Premier.

[paul19]

Which individual turbo tax software should I use?

[DS30]

You can use TurboTax Premier to report your K-1 income but can start with the free version if working in TurboTax Online.

[paul19]

We were originally told to purchase Turbo Tax Self Employed for our individual, however, another representative suggested Turbo Tax Premier. Which is more appropriate?

[LindaC2]

I am in a partnership and use Turbotax Business for the business taxes. If I am reading the above subject correctly, should I be using TurboTax Premier for my personal taxes? I currently have Turbotax Deluxe and am having lots of problems.