Amazon shows "Home & Business" & "Business" options. What is the difference?
I have a home business but also have a w-2 from unrelated employer........
You'll need to sign in or create an account to connect with an expert.
TurboTax Business is required if you have an S-corps, C-corps, multi-member partnership or estate return to prepare. TT Business cannot prepare a personal Form 1040.
If you are self-employed and have a sole proprietorship that is NOT organized as any of the above mentioned, then you can use Home and Business for your self-employment income and W-2 income.
Thanks for the response.
To further clarify, I am an LCC (sole Proprietorship) home business. PLUS, I have a W-2 from an unrelated employer.
So I can use Home & Business to completely cover my needs?
Yes, you can use Home and Business. Are you new to being self-employed?
https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct
https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-
calculator-2021-2022-50907/
https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs
If you live in a state with a state income tax, you might need to make estimated payments to your state.
https://turbotax.intuit.com/tax-tools/calculators/self-employed/
Yes, In 2024I started my new business. Its a product a make in my basement and sold locally. I have a LLC & EIN numbers.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cherylsatt
New Member
DANETTE ELLIS
New Member
bartdolce
New Member
DIY79
New Member
Just7357
New Member