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Returning Member
posted Jan 5, 2020 9:56:32 AM

Using business edition to file individual taxes?

Using business edition to file individual taxes? I need it to submit a trust return but also need to do my individual return. Do I have to buy a separate edition?

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2 Replies
Level 15
Jan 5, 2020 9:59:25 AM

Yes you have to use a separate TurboTax program to complete and file your personal tax return, Form 1040.

Using the TurboTax online editions you would need to use either the Premier or Self-Employed edition since those editions support entry of a Schedule K-1 received from the business edition - https://turbotax.intuit.com/personal-taxes/online/

 

Or you can use any of the TurboTax desktop CD/Download editions for your personal tax return - https://turbotax.intuit.com/personal-taxes/cd-download/

Level 15
Jan 5, 2020 10:01:06 AM

@esluscombe wrote:

Do I have to buy a separate edition?

Yes, you cannot use TurboTax Business to prepare an individual income tax return, such as a Form 1040. You need to buy a separate individual income tax return preparation product, such as TurboTax  Premier.

 

See https://turbotax.intuit.com/