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!!

442

Level 15

Dec 7, 2021 5:42:28 PM

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.

Level 15

Dec 7, 2021 5:49:24 PM

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.

Returning Member

Dec 7, 2021 5:53:22 PM

Thanks very much!

Returning Member

Dec 7, 2021 5:53:52 PM

Thanks a lot!

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