Tuesday, March 5, 2013

Which turbo tax should I use?

Question by jamers: Which turbo tax should I use?
We are a married couple with two businesses, one janitorial as a partnership and one online business as an LLC partnership. We do not have employees, its just us. We also have a home with interest payments to record. I’m trying to find out what the best way is to do taxes on turbotax. Any suggestions?

I already purchased and started using the “business” software but it will not allow us to enter anything personal such as our home, or the janitorial business. Do I have to do taxes twice?
we are true partnerships

Best answer:

Answer by Bob F
It depends on whether you businesses are true partnerships (which require filing form 1065) or qualified joint ventures (which require each file a Schedule C for each business for a total of 4 schedule Cs). If you are qualified joint ventures, you can just use the regular TT that all individuals use.

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Which turbo tax should I use?

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