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peabody6
Returning Member

Which version of Turbotax, self-employed, trying to retire

I've used Turbotax Home Business for years as a self-employed artist. I decided to retire in 2020, but business kept trickling in. Just a couple thousand in income, and not many expenses, so I figure I will just claim the standard deduction in 2021. I have health insurance from the ACA. I've taken taxable distributions from my IRA and just started Social Security.

Will I be able to use Deluxe?

Thanks!!

 

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4 Replies

Which version of Turbotax, self-employed, trying to retire

If you use the Desktop CD/Download program you can use Deluxe.   All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

But for Online if you need schedule C for self employment you will need to use the Self Employed version.

Which version of Turbotax, self-employed, trying to retire

FYI ... on the Sch C you must enter ALL your income and expenses ... this has nothing to do with using the standard deduction on the form 1040. 

peabody6
Returning Member

Which version of Turbotax, self-employed, trying to retire

Thanks very much!

peabody6
Returning Member

Which version of Turbotax, self-employed, trying to retire

Thanks a lot!

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