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January 24, 2023
Question

I started a LLC in January 2022. From what I've read, I should use turbotax home & business. I'm not sure how to access that version of turbotax on the website. Help?

  • January 24, 2023
  • 2 replies
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2 replies

VolvoGirl
Employee
January 24, 2023

For the online version it's called Self Employed version..  Home & Business is the Desktop CD/Download program.  But it depends how your LLC is set up.  Is it a Single Member LLC?  Or a S corp?  

If it's a Single Member LLC that is NOT a S corp it is a disregarded entity and you file it on Schedule C in your personal 1040 return like self employment income.  

January 24, 2023

you would need to file form 1065 under these conditions - all must apply. then you need Turbotax business which only runs on Windows computers - 

1) it's a multimember LLC 

2) your spouse is the only other member and you do not live in a community property state

3) there's a member who is not your spouse