, Answering FAQ'sTurboTax Employee
TurboTax Business does not include the 1040 and Schedule C forms that home-based businesses, contractors, sole proprietors, and most single-member LLCs need to prepare and file their tax returns.
Instead, TurboTax Business is intended for:
- Form 1120S for subchapter S (S-Corp) returns;
- Form 1120 for corporation (C-Corp) and single-owner LLC (filing as corporation) returns;
- Form 1065 for partnership and multi-owner LLC returns; and
- Form 1041 for fiduciary (estates and trusts) returns.
If you need to file a Schedule C and/or enter your home office expenses, we recommend TurboTax Home and Business to find the business write-offs, industry-specific deductions, and correct depreciation methods that will maximize your refund.
Did you purchase TurboTax Business by mistake?
Please contact us and we'll be happy to replace your purchase with the TurboTax product best suited to your specific needs.