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Level 1
posted Jan 8, 2025 6:29:47 PM

Small Biz taxes -- can I start them myself then upgrade to live later?

I have paid for Live the last 3 years, and before that, I always filed my personal taxes myself through TT.

I wanted to try filing my small business (sole proprietor LLC) taxes, but if it gets complicated or I think I messed up, I'd like to make sure I can go ahead and upgrade later on.

I know this was an option on personal taxes, just want to confirm it's an option for business taxes as well. Thank you!

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1 Best answer
Level 15
Jan 8, 2025 7:37:08 PM

Let's start over.  You have a Single Member LLC.  Is it set up as a S corp and you file a separate 1120-S  tax return for it?  Or are you filing it on Schedule C in your personal tax return?   I read you very first sentence again and it sounds like you used Live to file your personal tax return (including the business on schedule C) for the last 3 years.  Is that right?  We are not sure what you used before.

 

If you do file the LLC as schedule C in your personal 1040 return, then you can use the Online Premium version and add Live later or buy the Desktop Home & Business program.  I have Home & Business and see a button to add Live tax advice for $60.  I don't know if it is on the lower versions too.  

 

If you file the separate 1120-S SMLLC Business return there are 2 ways.  

You can buy the stand alone do it yourself Business Download program for Windows here (it is not available to do online or for Mac). 
https://turbotax.intuit.com/small-business-taxes/cd-download


There is also a Business service, LIVE Assisted or LIVE Full Service Business which is separate from the Desktop installed Business program.  You can see them here,
https://turbotax.intuit.com/small-business-taxes

 

I don't know if you can upgrade the Business Download program  to the LIVE version or you would need to start over in LIVE.

 

6 Replies
Level 15
Jan 8, 2025 6:37:05 PM

You can always upgrade to one of the Live editions from the personal online editions before filing the tax return.

 

Level 1
Jan 8, 2025 6:47:32 PM

Even if I'm not doing personal? I'm doing small business taxes.

Level 15
Jan 8, 2025 6:53:31 PM

Oh... Are you using the TurboTax Business Edition installed on a personal computer for Partnership, S Corp or C Corp tax returns?

 

Or are you using the TurboTax Home & Business desktop edition?

 

You post shows the Live Self-Employed Online edition.  But that edition has been superseded by the TurboTax Premium Online Edition.

Level 1
Jan 8, 2025 7:02:30 PM

It's just the online, browser version. I'm not sure what it's called, so it might be called that?

 

I use QuickBooks Self-Employed, and it doesn't really give me a choice when I log in with my ID through TurboTax except to choose personal or business. So whatever the title is for the browser-based business tax program for sole prop LLCs is, that's what I'm using, I guess haha

Level 15
Jan 8, 2025 7:37:08 PM

Let's start over.  You have a Single Member LLC.  Is it set up as a S corp and you file a separate 1120-S  tax return for it?  Or are you filing it on Schedule C in your personal tax return?   I read you very first sentence again and it sounds like you used Live to file your personal tax return (including the business on schedule C) for the last 3 years.  Is that right?  We are not sure what you used before.

 

If you do file the LLC as schedule C in your personal 1040 return, then you can use the Online Premium version and add Live later or buy the Desktop Home & Business program.  I have Home & Business and see a button to add Live tax advice for $60.  I don't know if it is on the lower versions too.  

 

If you file the separate 1120-S SMLLC Business return there are 2 ways.  

You can buy the stand alone do it yourself Business Download program for Windows here (it is not available to do online or for Mac). 
https://turbotax.intuit.com/small-business-taxes/cd-download


There is also a Business service, LIVE Assisted or LIVE Full Service Business which is separate from the Desktop installed Business program.  You can see them here,
https://turbotax.intuit.com/small-business-taxes

 

I don't know if you can upgrade the Business Download program  to the LIVE version or you would need to start over in LIVE.

 

Level 1
Jan 9, 2025 6:36:27 AM

It wasn't ever referred to me as personal taxes with Schedule C, but compared to the other option (I don't have an S Corp), that sounds more likely. Thank you for the information!