turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

what version of TurboTax do I need for personal and Single member LLC filing

what version of TurboTax do I need for personal and Single member LLC filing

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MayaD
Expert Alumni

what version of TurboTax do I need for personal and Single member LLC filing

If you run a small business as an independent contractor, freelancer, single-member LLC, then TurboTax Self-Employed is right for you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

what version of TurboTax do I need for personal and Single member LLC filing

If your Single Member LLC is an S corp you will need to buy the separate Turbo Tax Business program in addition to a personal version.  It is only available for Windows and not online.  You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes

 

If it is not an S corp it is a disregarded entity and you file it as self employment on schedule C in your personal 1040 return.  You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version. Or any of the Desktop programs. But you will get the most help in the Home & Business version.


How to enter income from Self Employment
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question