TurboTax Home & Business

TurboTax Home & Business Edition

• TurboTax Home & Business

Choose TurboTax Home & Business Edition if any of the following descriptions apply to you:

• You are a sole proprietor, consultant, 1099 contractor, or single-owner LLC
• You receive income from a side job or self-employment
• You prepare W-2 and 1099-MISC forms for employees or contractors
• You file your personal and business taxes together

If you own an S Corp, partnership, C Corp, or multiple-owner LLC, you should choose the TurboTax Business Edition.

TurboTax Home & Business can help;

• Guide You Step by Step Through Self-Employment Income, Deductions and
  Credits
• Guide you through customized questions based on your business profile (sole-proprietor, consultant, 1099 contractor, and single-owner LLC)
• With guidance for entering income and expenses.
• Find Small-Business Tax Deductions — Shows you which expenses you can deduct for your vehicle, supplies, utilities, home office expenses, and more.
• Identify Industry-Specific Deductions for your business — find tax write-offs by industry to help you spot commonly overlooked deductions.
• Get the Biggest Vehicle Deduction — Find the biggest deduction using actual expenses or the standard mileage rate. Split vehicle expenses between business and personal use.
• Enter all business income types on a single page.
• Create W-2 and 1099 Forms — Helps you prepare unlimited forms for employees and contractors. Does all calculations and prints on plain paper.
• Simplify Asset Depreciation — determine which depreciation method will get you the biggest deduction, calculate and report depreciation.
• Streamline Expense Entry — Organize expense categories and get additional tax deduction suggestions along the way to help maximize your savings.
• Get Extra Guidance for New Businesses — Shows the startup deductions new businesses can take.