turbotax premier

Forum|Forum|6 years ago
December 7, 2019
2 replies
9 views

I currently have turbotax premier, can I upgrade to turbotx business and if so, for how much ???

VolvoGirl

Level 15

Do you have Online Premier or Desktop? You can upgrade to the Home & Business Personal Version But not to the separate Business program. You have to buy Business separately.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. It is a separate program from the Desktop Home & Business program or the Online Self Employed version.

Home & Business Desktop program or the Online Self Employed version is for personal returns that include a schedule C for self employment or sole proprietor. A single owner LLC would be reported on Schedule C unless the LLC elected to be treated as an S corp or C corp.

You will get a schedule K-1 (or a W2) from the business return to manually enter into your personal 1040 return.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.

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