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OVJosh
Level 2

Which Turbotax product(s) do I need?

Hello!  I am trying to figure out which TurboTax products I need to purchase this year.  Here's what I have to deal with:

 

LLC (I know I need TurboTax Business for this)

Self-employed (Uber driver)

W-2 employee

 

Which product would work best for all 3 of these?  Thanks!

2 Replies
tagteam
Level 15

Which Turbotax product(s) do I need?

You do need TurboTax Business for a multi-member LLC (Form 1065) or if you have made an election to be treated as a corporation for federal income tax purposes (1120 or 1120-S). However, if you have a single-member LLC, you can treat the LLC as a disregarded entity and just file a Form 1040 with a Schedule C.

 

Otherwise, assuming you need TurboTax Business for your LLC (Form 1065), then you would probably be better off with TurboTax Home & Business for your individual income tax return since it will handle your self-employment income and provide a higher level of guidance. 

AmyC
Employee Tax Expert

Which Turbotax product(s) do I need?

If you want to claim Uber expenses, you will need to purchase the Self Employed version. With only income, you can use Deluxe. For a full comparison of products, click on this link

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