This particular version of TurboTax is recommended if you worked as a 1099 employee or were self-employed in 2022. Which can be the trickiest to file taxes for, thankfully, TurboTax does make it easier. TurboTax coaches you every step of the way and double checks your return as you go, so you can be confident your business taxes are done right. TurboTax Business is recommended if you have a partnership, own a S or C Corp, Multi-Member LLC, manage a trust or estate, or need to file a separate tax return for your business. The primary differentiator between Home & Business and Business is based upon entity type. Those who file with TurboTax Business will still need to file their personal taxes. Includes 5 federal e-files. Business State is sold separately via download. Free U.S.-based product support (hours may vary). Boost your bottom line with industry-specific tax deductions and credits. Up-to-date with the latest tax laws–when tax laws change, TurboTax changes with them. Create unlimited W-2,1099-MISC, 1099-INT and 1099-DIV forms for employees and contractors. Easily imports your data from QuickBooks Desktop (2019 and later) income and expense accounts and classifies them for you. Create K-1 forms electronically in PDF format. Save time with streamlined asset depreciation and reporting. Includes audit alerts which flag areas that might trigger an IRS audit.
