Do i need to buy 2 editions if I own 2 s-corps?

Forum|Forum|1 year ago
June 4, 2024
2 replies
0 views

Trying to file my 1120's. I own 2 businesses in CA. One shows profit, the other one has no income. How do i file both business for the 1120's? Do i have to buy 2 products or can this be done with just one turbo tax purchase

TurboTax Business Windows

Anonymous_

Employee

You only need to buy one copy of TurboTax Business and then pay for one state (CA) S corporation return.

Anonymous_

Employee

State returns are purchased from within the program (TurboTax Business).

VolvoGirl

Employee

For federal you can use one Business program. You have to buy the state Business program separately from inside the federal program.

Preparing state tax returns for more than one business?

When they are the same types of businesses (such as two S Corps) and file taxes in the same state, buy one state product and use for all at no extra charge. Business State efile included.

When they are the same types of businesses (such as more than one LLC), but file taxes in different states, buy one product per state for $49.99. Business State efile included.

When they are different types of businesses (such as an S Corp and a partnership) and file taxes in the same state, purchase one product for each business type for $49.99 per each business type. Business State efile included.