Using Turbo Tax with 2 home businesses?

I am planning to use turbo tax for our taxes this year. We both have regular W2’s and we own a home. I am getting the home and business edition. We both also have our own businesses and are self employed. Will Turbo tax allow us to fill in two separate businesses each with their own set of income and expenses?

Hi,

I believe you will need TurboTax business to file for multiple businesses, especially if they are of different entity types. I browsed the product descriptions, and found "Handles Multiple Businesses — Lets you prepare returns for multiple businesses, even if they are different entity types. Provides extra guidance for entering multiple businesses." under the description for TurboTax Business.

-Evan

One Response to “Using Turbo Tax with 2 home businesses?”

1. Evan
   

   Hi,

   I believe you will need TurboTax business to file for multiple businesses, especially if they are of different entity types. I browsed the product descriptions, and found "Handles Multiple Businesses — Lets you prepare returns for multiple businesses, even if they are different entity types. Provides extra guidance for entering multiple businesses." under the description for TurboTax Business.

   -Evan
   References :
   http://turbotax.intuit.com/small-business-taxes/business.jsp

   
   January 13th, 2010 at 6:59 am

Leave a Reply