Which turbo tax package is best if I started my own business this year?

If you started your own business this year as a sole-proprietor or single-member LLC, you will need to use TurboTax Home and Business Desktop or TurboTax Self-Employed online to file your taxes.  This will walk you through the steps of filling out your schedule C to report your income and expenses from your new business.

If you have partners, created an LLC with other people or incorporated you will need to use TurboTax Business (NOT Home and Business) to file the appropriate forms for the business.  This is only available as a CD/Download.  You will then need to use TurboTax Premier to enter your K-1 that would be generated from TurboTax Business to report your share of business income.