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New Member
posted Jun 3, 2019 11:08:03 AM

Which turbo tax product do I need for both business and investments?

I have been using turbotax premier, and still need the investment reporting however, I'm starting a small retail business and need to report business income and expenses, what product does all that? Also, I purchase the premier cd and do not download the program

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1 Best answer
Level 15
Jun 3, 2019 11:08:05 AM

Any of the TurboTax desktop CD/Download editions can be used to report investment sales and self-employment income and expenses.  So the Premier edition you are using is sufficient, unless you want further guidance with the self-employment interview you can upgrade to the Home and Business desktop edition.

In the Premier Edition for self-employment go to the section Business Items.  Federal Taxes>Wages and Income>I'll choose what I work on>Business Items.

Note - The Premier edition will recommend that you use the Home and Business edition to enter your self-employment income and expenses.  This is a Recommendation only and NOT a requirement.

TurboTax website for the desktop CD/Download editions - https://turbotax.intuit.com/personal-taxes/cd-download/

3 Replies
Level 15
Jun 3, 2019 11:08:05 AM

Any of the TurboTax desktop CD/Download editions can be used to report investment sales and self-employment income and expenses.  So the Premier edition you are using is sufficient, unless you want further guidance with the self-employment interview you can upgrade to the Home and Business desktop edition.

In the Premier Edition for self-employment go to the section Business Items.  Federal Taxes>Wages and Income>I'll choose what I work on>Business Items.

Note - The Premier edition will recommend that you use the Home and Business edition to enter your self-employment income and expenses.  This is a Recommendation only and NOT a requirement.

TurboTax website for the desktop CD/Download editions - https://turbotax.intuit.com/personal-taxes/cd-download/

New Member
Feb 27, 2022 6:52:29 PM

i have the home and business how to i enter my investments

Level 15
Feb 28, 2022 4:28:51 AM

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales