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Level 1
posted Jan 26, 2022 9:15:34 AM

Which version of Turbo Tax

Sorry for a repeat but it wasn't clear to me if I should buy the Business version (because I am a single owner LLC with only a single sale of $200) or can get by with the Premier edition?

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1 Best answer
Expert Alumni
Jan 26, 2022 9:29:13 AM

If your business is formed as a single-member LLC, then you do not need to buy the TurboTax Business version for your return.  

 

TurboTax Business is for partnerships, S-Corps, or C-Corps.  

 

However, if you are claiming any business expenses as part of your Schedule C, you will need to use TurboTax Self-Employed instead of Premier.

1 Replies
Expert Alumni
Jan 26, 2022 9:29:13 AM

If your business is formed as a single-member LLC, then you do not need to buy the TurboTax Business version for your return.  

 

TurboTax Business is for partnerships, S-Corps, or C-Corps.  

 

However, if you are claiming any business expenses as part of your Schedule C, you will need to use TurboTax Self-Employed instead of Premier.