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January 20, 2022
Question

Turbotax 2021 software for using 2022.

  • January 20, 2022
  • 1 reply
  • 0 views

Hi,

I just bought 2021 software. I will ask my CPA for 2021 tax return.

So I don't use this software for tax return.

 

I start new business and would like to use this software to calculate income and expense for 2022 tax return.

Is it possible to use my business for 2022 tax return with 2021 software?

 

I am not good at accounting at all.

 

Thank you.

 

1 reply

AmyC
Employee
January 20, 2022

Tax return software is only good for the year labelled due to tax law changes. However, it will give you a good idea of what you need to be saving, in what categories, etc. Smart idea to go through the program and learn. The best place to learn is the IRS small business website. See  Small Business and Self-Employed Tax Center for help in every area of your business, starting, marketing, etc. There are even videos to help.

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