Last year I filled as a sole proprietorship and used the Premium product to add expenses and profit. Last April, opened an LLC. Can I still use the premium product or do I need to purchase Home and Business. Last did the name of the premium product change to premier?
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By the way, I'm the only owner of the my business. No employees.
Yes. If you were a single member LLC, then you can still use Premium as this will include the Schedule C which is where you will report your income.
No, the name of premium did not change to Premier. If you are using the online version, then Premium replaced Premier and Self-Employed. If you are using the desktop version is TurboTax Home and Business.
What’s the difference between “Premium” and “Sole Proprietor” products?
There is no longer the sole proprietor product online. It has all been combined into Premium for online. For desktop, it is still separate and you can still get Premier or Home and Business.
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