Question

Home & Business vs Business

Forum|Forum|1 year ago
January 20, 2025
1 reply
0 views

Amazon shows "Home & Business" & "Business" options. What is the difference?

I have a home business but also have a w-2 from unrelated employer........

Employee

TurboTax Business is required if you have an S-corps, C-corps, multi-member partnership or estate return to prepare. TT Business cannot prepare a personal Form 1040.

If you are self-employed and have a sole proprietorship that is NOT organized as any of the above mentioned, then you can use Home and Business for your self-employment income and W-2 income.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

D

DarksideoddsAuthor

Thanks for the response.

To further clarify, I am an LCC (sole Proprietorship) home business. PLUS, I have a W-2 from an unrelated employer.

So I can use Home & Business to completely cover my needs?

X

xmasbaby0

Employee

Yes, you can use Home and Business. Are you new to being self-employed?

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

If you live in a state with a state income tax, you might need to make estimated payments to your state.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413

https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**