Should I get Deluxe or Home and Business?

[exintrovert]

Hi. I need to purchase TT 2023 and 2024. In 2023 I started an S Corp and our personal income was primarily W2 income from the corp. We had some income from the corp for rents and selling it a couple shipping containers. We invested personal cash to start the business.

The corporate tax filings have already been done by our CPA. We bought a house in 2024. We borrowed cash from the corp for the down payment and are paying interest to the business on the borrowed money.

Do I need H&B or is Deluxe sufficient? Aside from what I described, we have not had any other non-W2 income during these years.

Thanks.

[VolvoGirl]

Desktop Deluxe will work.   All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.  You don’t need Home & Business for your S Corp income.   You should have a K-1 and/or a W2 from the corp return.   You don’t need Schedule C for that.   

[exintrovert]

Thank you so much!