- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Which Turbotax product(s) do I need?
Hello! I am trying to figure out which TurboTax products I need to purchase this year. Here's what I have to deal with:
LLC (I know I need TurboTax Business for this)
Self-employed (Uber driver)
W-2 employee
Which product would work best for all 3 of these? Thanks!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Which Turbotax product(s) do I need?
You do need TurboTax Business for a multi-member LLC (Form 1065) or if you have made an election to be treated as a corporation for federal income tax purposes (1120 or 1120-S). However, if you have a single-member LLC, you can treat the LLC as a disregarded entity and just file a Form 1040 with a Schedule C.
Otherwise, assuming you need TurboTax Business for your LLC (Form 1065), then you would probably be better off with TurboTax Home & Business for your individual income tax return since it will handle your self-employment income and provide a higher level of guidance.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Which Turbotax product(s) do I need?
If you want to claim Uber expenses, you will need to purchase the Self Employed version. With only income, you can use Deluxe. For a full comparison of products, click on this link
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?
Or browse the Forums