Which TurboTax Version for Your Business? LLC vs. S Corp vs. Partnership vs. Sole Prop

What if you have a w2 job and you Uber and DoorDash on the side?

Thanks for this

will they let you use your refund as payments for self employed

Thanks for making this video. Does your course offer any tax strategies on international business?

Thank you sir for this video, you confirmed what i need for my s corp business. Glad i ran across your video. ❤

so my business' is First Factory, Inc. and i have a ein number and small employees I cant use the reg TurboTax I have to use this one ?? this cost arm and leg they dont have a free verion

I am a single member llc. Not an s Corp. TurboTax says I can't use it

can you use self employed as a multi member llc? no one seems to have software for mac and i am panicking...

Thanks! I have a Mac! Saved me a lot of trouble.

Useful information. And TurboTax not showing upfront its incompatibility with MAC users is kind of dishonest to say the least

I have two LLC’s with S corp election.
which version of tax tool helps me to file both LLC’s separately?

Thank you for this video. Very helpful

For Mac users just buy parallels and run windows on your Mac if you want to use turbo tax business

I'm currently doing my taxes on turbotax and just entered my w2 info and my 1099-k info from receiving credit card payments for my side business. The next step says expenses, but it didn't ask if I had any cash income from the business. Where do I enter my cash income?

I have a full-time job and side food truck business, as a sole proprietor. The business is not complex and I don't have any business debt. Would the self employed version be okay and can I also file my W2 at the same time? My side business net profit is a little over $20k a year, so I'd pay taxes on this amount. Is Turbotax better than freetaxusa?

Does this TurboTax can be used for NRA tax?

Great info. Navi. I am transitioning this year from "self Employed" which I always had it for free as part of my QuickBooks self-employed subtraction. Since beginning of 2022, I have established the S-Corp. However, looking at "TurboTax Business 2022 Federal Only + Efile Digital Download", there is no state. Being in AZ, what would be the solution for AZ filing?

Yes agreed, Turbotax got there products but does not do a good job of explaining which package is for what.
If you have Mac, you have to use Taxact for Business.

OMG this is soooo helpful，thank you a lot！just subscribed！

if i will be doing a photography business from home. Will turtax no what item I can deduct (IE electric bill, taxes travel (mileage) and depreciating items such as equipment, vehicle etc?

Question: if I have an llc but paid for some business expenses with a personal account, can that business expense still be claimed?

What software can handle a California Professional Company (A.P.C.) ??

Great clarity and explanation. Thanks Navi

Thank you

Why was mine 199$? I had 3 w2’s and a single member llc. Everything was online, I didn’t have to download anything?

life saver.. was about to drop that cash

Can you file my 1120s and 1040 before the deadline apr-18 I have al the numbers ready? Thanks in advance

So Navi, thank you for posting! If my income is primarily W2 driven, but I also get 1099 income side jobs and also have a rental property, which option do I choose? We have no State income tax here in Florida.

which one should i use, if filling jointly, got W2, 1099 Misc and got LLC for a rental unit?

Hello Navi, First of all I appreciate your videos online. All good info. I have an LLC, I import materials , Stock them and resell. I have been filing as an S Corp at the advice of my accountant. My net profits for 2021 are around $30,000. I am married, we own a home. Should I file as S-Corp or AS an LLC ? I am in Bay Area California.

This video saved me from the "self-employed" mistake. Thank you!!!

Hi Navi. The TurboTax Home & Business product appears to be what I need for my single member LLC. Are you aware if this product can project what your estimated Federal and State tax payments would be, using the current Tax Filing year as a baseline, and then based on that and your projected self-employment income, business expenses and personal itemized deductions ?

Turbotax Self Employed has form K-1 for partnerships and it works on Chromebook. Why do they make this so confusing. I have a partnership, (2 members) and work full time, can I still use this since the features include k1? I have a chromebook.

Hey Navi,
I am new small biz owner, do you have specific videos for medical practice clinics.( Rehabilitation clinics)

Can we use same software for Past Year RTaxes like 2015/16 till 2021

Quick question Navi, I am a new business owner, still setting up processes. I do not have any income as yet, but incurring start up cost in 2021. Can I file a business return for expenses incurred even if there is zero income? Thanks appreciate your response

Thanks Navi, this is really helpful infor. i have a Mac and was planning to use Turbotax