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JWMM1
New Member

Questions about Turbo Tax Business

If I need to use Turbo Tax Business for my business ( an S Corp) do I need a separate Turbo Tac ( Premier?) for the rest of my taxes?  Or does TT Business do them both?  In other words do I need to file twice?

 

Thanks,

 

 

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2 Replies

Questions about Turbo Tax Business

Sorry you will need 2 programs.  The Business program and a personal version.  For your personal return you need the Online Premium version Or buy any of the Desktop CD/Download programs for Windows or Mac.  All the personal Desktop programs have the same forms, you get more help in the higher versions.  

Questions about Turbo Tax Business

You file your 1120-S (S corporation) return using TurboTax Business (which generates a K-1)

 

You then file your personal income tax return (1040) using a different TurboTax product, such as TurboTax Premier.

 

There is no single TurboTax product capable of preparing both types of returns.

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