Question

I am a sole proprietor LLC. Which Turbotax versions have schedules C & E, as well as electronic filing capability?

Forum|Forum|7 years ago
June 6, 2019
1 reply
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I have no additional details. Just need to know what is the cheapest version of TurboTax that will accomplish the following:

1. Schedule C?

2. Schedule E?

3. Electronic filing?

4. downloadable or CD version?

TurboTax Mac

VolvoGirl

Employee

If you use the Online versions you will need to use the Self Employed version.

If you buy the Desktop CD/Download program then any version will have it all.  All the Desktop programs have the same forms so you can use a lower version like Deluxe.  You will get the most help from the Home & Business version.

You can efile from all of them until Oct 16, 2017.  After that you will have to print and mail your return.  And soon after that the Online versions will be shut down and you may not be able to finish online.  The Desktop program is done locally on your computer.

Here's some differences between the Online version and the Desktop CD/Download program.

Online web version is only good for 1 return, federal and state are separate charges,  It is free to start, you pay when you file or if you want to print.  Price is determined at the time you pay.  You can pay anytime like if you want to lock in an early discounted price. You can not see the forms until you pay and print them out.   Online versions do not have the same forms so you may need to use a higher version to enter something.   Online returns are stored online and after Oct each year you might not have access to it.  So you should save and download both  the .tax and .pdf files each year to your computer.
You can check out Online here,   https://turbotax.intuit.com/personal-taxes/online/

The Desktop CD/Download program can do unlimited returns and you can efile 5 federal for free and Deluxe and above comes with 1 free state program download to prepare unlimited state returns but each state return (including the first one) is 19.99 (goes up to 24.99 in March) to efile or you can print and mail it for free.  You can see and enter directly into the actual forms.  Desktop has a What-If worksheet.  Your return is kept on your own computer so you will always have access to it in the future like if you need a copy or need to amend it.  And other features.  Oh, and you can use a lower version because all the Desktop programs have all the same forms.  You can see the Desktop CD/Download programs here, https://turbotax.intuit.com/personal-taxes/cd-download/