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what version of turbotax do i need to file taxes for my llc?

what version of turbotax is for small business tax filing?
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2 Replies

what version of turbotax do i need to file taxes for my llc?

Are you a Single Member LLC?  Are you an S Corp?  A Single Member LLC that is not an S corp files it on Schedule C in your personal tax return.  It is a disregarded entity an filed as self employment.

You can fill out Schedule C and enter 1099NEC, Cash or Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.

 

How to enter income from Self Employment

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

 

Where to enter expenses in the Online Premium version

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-empl...

 

 

SharonD007
Employee Tax Expert

what version of turbotax do i need to file taxes for my llc?

If you have a single-member LLC your profits and losses are reported on Schedule C of your personal tax return.  You can use TurboTax Home & Business. 

 

if you have a multi-member LLC you will file Form 1065 or S-Corp you will file Form 1120S and you can use TurboTax Business.

 

Select the link TurboTax 2024 to get started or for TurboTax Business, use this link.

 

@timothyshoward 

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