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pcmsr
New Member

Need TT Business for S-Corp; K-1 & 2-1099 Misc. For personal tax, do I need Home & Business or Self Employed; W-2, Sch C, 1099Misc / other 1099's, home, investments,)

I need TT Business for small S-Corp (e.g., K-1 & 2-1099 Misc).  For personal tax, which do I need: Home & Business or Self Employed?   W-2, Sch C, 1099Misc, home, investments (1099DIV, 1099 INT, etc.), property tax, contributions, etc.

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Accepted Solutions
ChrisVonHoep
Level 1

Need TT Business for S-Corp; K-1 & 2-1099 Misc. For personal tax, do I need Home & Business or Self Employed; W-2, Sch C, 1099Misc / other 1099's, home, investments,)

Home and Business is the download/CD version you would install on your computer to prepare your individual return. Self Employed is the Online version of Home and Business.

You can use either for your individual tax situation depending on your preference to work online, or offline/desktop.

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2 Replies
ChrisVonHoep
Level 1

Need TT Business for S-Corp; K-1 & 2-1099 Misc. For personal tax, do I need Home & Business or Self Employed; W-2, Sch C, 1099Misc / other 1099's, home, investments,)

Home and Business is the download/CD version you would install on your computer to prepare your individual return. Self Employed is the Online version of Home and Business.

You can use either for your individual tax situation depending on your preference to work online, or offline/desktop.

Critter
Level 15

Need TT Business for S-Corp; K-1 & 2-1099 Misc. For personal tax, do I need Home & Business or Self Employed; W-2, Sch C, 1099Misc / other 1099's, home, investments,)

To prepare a corporate, trust or partnership return you would need Turbotax Business.  This is a separate program from Turbotax Home and Business.  TT Business is a program only available for desktop windows use (there is no on-line or Mac version.) 

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

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

https://ttlc.intuit.com/questions/1917225-is-turbotax-business-right-for-me

 

To prepare a personal return, depending on the complexity, you will need a version that prepares Forms 1040 such as Deluxe, Premier, Home and Business, etc.   

If you have a Schedule K-1 from either a Form 1120-S, Form 1065 or Form 1041 you will need either the Premier version or (if you also have an unincorporated business) the Self Employed version when using the online program.  

All the 2017 downloaded programs will handle the personal return.

View this product guide chart to see which product is best for you:
https://turbotax.intuit.com/personal-taxes/cd-download/

 

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