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January 30, 2024
Question

TurboTax Deluxe or Home & Business?

  • January 30, 2024
  • 1 reply
  • 0 views

I have a single member LLC which I recently opened.  There are no sales to report for this last tax year, as the LLC is new and we have not started advertising yet.  Am I able to file through Turbotax Deluxe or does this still have to be filed through the Home & Business version?

 

    1 reply

    January 30, 2024

    A single-member LLC is a disregarded entity for tax purposes.

     

    You can file it on a Schedule C on your personal tax return.

     

    If you have no expenses to claim, you can use TurboTax Deluxe online or any version of TurboTax Desktop.

     

    If you have expenses to claim, you can use TurboTax Premium Online or any version of TurboTax Desktop

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