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mc2development
Level 1

Which Turbotax version do I need for C-Corp tax return with partners?

I filed my family return by online Deluxe version. And I have a LLC with partners, we filed as C-Corp last year with a local tax service company. Which Turbotax do I need? Thx

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Accepted Solutions
VolvoGirl
Level 15

Which Turbotax version do I need for C-Corp tax return with partners?

You need Turbo Tax Business.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes

 

Desktop Windows System Requirements

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

View solution in original post

3 Replies
VolvoGirl
Level 15

Which Turbotax version do I need for C-Corp tax return with partners?

You need Turbo Tax Business.

The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes

 

Desktop Windows System Requirements

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

View solution in original post

mc2development
Level 1

Which Turbotax version do I need for C-Corp tax return with partners?

Thank you! But for the PC version, can my partner and I work in different locations at the same time like the online/cloud version?

VolvoGirl
Level 15

Which Turbotax version do I need for C-Corp tax return with partners?

No.  It is only on the computer you install it on.  Even if you also install it on another computer there is only 1 tax file.  You would have to move it back and forth each time.  And that would be easy to mess up and keep track of which is the current file.  

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