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February 3, 2023
Solved

Upgrade existing Turbotax installation

  • February 3, 2023
  • 1 reply
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I have Turbotax Home and Business installed on my Windows PC.

It looks like I need the the TurboTax Business version to handle Trusts and Partnership requirements.

How do I go about acquiring that.

Will I receive a different product code that will then upgrade my existing installation?

 

Appreciate info and tips

Best answer by VolvoGirl

Sorry you can NOT upgrade Home & Business to Business.  You would need 2 programs.

Turbo Tax Business and Turbo Tax Home & Business are not the same.  Home & Business is for personal 1040 returns that need Schedule C for self employment income.  You can use either the Desktop program or the Online version for your personal return.

 

Turbo Tax Business is a separate program from Home & Business.  TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors.  Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

 

You need Turbo Tax Business.  It  is a separate program from Home & Business.  It is not available to do online or on a Mac.  And it will not do your personal 1040 return.

 

You can buy the Window's version here…..

https://turbotax.intuit.com/small-business-taxes

1 reply

VolvoGirl
VolvoGirlAnswer
Employee
February 3, 2023

Sorry you can NOT upgrade Home & Business to Business.  You would need 2 programs.

Turbo Tax Business and Turbo Tax Home & Business are not the same.  Home & Business is for personal 1040 returns that need Schedule C for self employment income.  You can use either the Desktop program or the Online version for your personal return.

 

Turbo Tax Business is a separate program from Home & Business.  TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors.  Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

 

You need Turbo Tax Business.  It  is a separate program from Home & Business.  It is not available to do online or on a Mac.  And it will not do your personal 1040 return.

 

You can buy the Window's version here…..

https://turbotax.intuit.com/small-business-taxes

February 3, 2023

ok, not the way I thought it would work, but appreciate the quick reply.

February 3, 2023

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