Yes, you purchased the wrong software program. TurboTax Business is used file a return for a corporation (Form 1120), S corporation (Form 1120-S), partnership/multi-member LLC (Form 1065), or homeowner association (1120-H).
You need to purchase one of our personal tax preparation software products. If you are self-employed and have a Schedule C, you need to purchase:
If you want to use TurboTax Online:
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TurboTax Self-Employed handles income and expenses from self-employment (Schedules C and C-EZ) and farms (Schedule F), along with all forms and schedules in Premier.
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TurboTax Live Self-Employed handles income and expenses from self-employment (Schedules C and C-EZ) and farms (Schedule F), along with all forms and schedules in TurboTax Live Premier. And includes unlimited expert help as you do your taxes. Stay home and get live advice from a tax expert on demand, right on your screen. The tax expert can even review your return line by line, sign it, and guarantee it for 100% confidence.
If you want to use TurboTax CD\Download, you may use:
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Deluxe — Recommended if you itemize and want to maximize your deductions.
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Premier — Extra guidance and phone help from CPAs and EAs for your investment sales and rentals, and your retirement. The program also includes an IRA tool!
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Home & Business — Handles your personal (1040) return along with maximizing your self-employment, consultant, or small business expenses on Schedule C. Also includes retirement tax help and the IRA tool, and help for investment sales and rentals.
