Hello I need to know which version(s) of TruboTax I need to use. I have a salary from two different S-Corps, W2 from my wife's work and 2 children. So three incomes.

[peleg]

1st S-Corp is family business, 2nd S-Corp is my IT Security Contracting, 3rd income my wife is a full time teacher. So I am not sure if I need Turbo Tax Business to import the QuickBooks data and personal for the other income? In short I am not sure if one Turbo tax version will work. Please the note the family business salary gets it taxes done by an accountant. the second S-Corp my contract work is the one I would import from QB into TurboTax. Thanks everyone.

[Critter · Accepted solution]

To prepare an S-corp return and a Personal tax return will require 2 separate programs ... 

To prepare a corporate, trust or partnership return you would need Turbotax Business. This is a separate program from Turbotax Home and Business or the Online Self Employment version. TT Business is a program only available for desktop windows use (there is no on-line or Mac version.)

http://turbotax.intuit.com/small-business-taxes/

https://turbotax.intuit.com/small-business-taxes/forms-business.jsp

https://ttlc.intuit.com/questions/1917225-is-turbotax-business-right-for-me

To prepare a personal return, depending on the complexity, you will need a version that prepares Forms 1040 such as Deluxe, Premier, Home and Business, etc.   If you have a Schedule K-1 from either a Form 1120-S, Form 1065 or Form 1041 you will need either the Premier version or (if you also have an unincorporated business) the Home and Business version when using the online program.  

All the 2017 downloaded programs will handle the personal return.

View this product guide chart to see which product is best for you:
https://turbotax.intuit.com/lp/ty14/desktop/lp1.jsp#irs-forms

[DoninGA]

For your S Corp business reporting on Form 1120S you will need to purchase the Business Edition.  The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online.  The Business Edition cannot complete a personal tax return, Form 1040.

Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

See this TurboTax support FAQ for importing Qucikbooks data into the Business Edition - https://ttlc.intuit.com/questions/1901107-how-do-i-import-quickbooks-data-into-turbotax-business

To complete a personal tax return and report the Schedule K-1's that will be received from each of the S Corp businesses you will need to purchase a CD or Download of the TurboTax personal editions from this website - https://turbotax.intuit.com/personal-taxes/cd-download/

Using the TurboTax online editions is Not recommended for your tax situation.  Any of the TurboTax desktop CD/Download editions can be used, however the Home & Business edition is recommended.