Out of business

Forum|Forum|3 years ago
February 18, 2023
1 reply
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My wife was running her own very small business, mostly losing money, and by the end of 2022 she decided to quit. All these years I was buying TT for Home and Business to deal with her things. Will I be OK if I downgrade to cheaper version? We will have W-2, 1099-Misc, dividends, interest, capital gains/losses. That's all, believe.

Will Deluxe version be OK for me?

TurboTax Home & Biz Windows

Critter-3

Hate to break it to you but the Downloaded Deluxe version is all you ever needed to begin with ... the H&B version is "recommended" but it was never required.

akrupitskyAuthor

That's heartbreaking indeed! I paid them hundreds of dollars extra just b/c they lied to me.

But how do you know? I am looking at the Deluxe web page and I see no indication that you can process small business taxes there.

Critter-3

I know because I was one of those "tax experts" for a couple of years.

And just look at the screen ... if you scroll down and click on the tax forms for any of those programs you will get the exact same list for every program ... be aware that this is not the same for the online program where you must upgrade for the Sch C.