Can I use the TurboTax Business software to do my personal taxes as well, or is it only for business purposes?
1960091
It's only for business, corporations etc. One of the other products will be necessary to complete your personal taxes.
1535715
Did a search on Google and looks like there are some who do...but I have never done it before. https://www.google.com/#q=turbo+tax+business+oil+and+gas+royalties
1025749
I have used Turbotax since the 1980's and yes, if you enter the information on your interest and dividends, etc. in Schedule B and your income and expenses in Schedule C it makes the calculations. You can then import the basic information from the previous year into the current year to help speed you through the process in doing your current tax return.
826118
No. Biggest waste of money! You not only have to download the software it comes with but you have to buy a monthly subscription to use it!!! I still haven't used mine for my business and I wish I could have returned it
2159781
To be honest, the software was used for 1099, 1099 MISC ...sorry I cant help more
748567
Tax laws change, so the software must, too. I personally use an updated version so the integration to my bank and business stays current and within tax code.
248470
Sure can and that is one of the easies ways to install where you don't have a CD drive. Bob Meighan, VP TurboTax
236847
Not sure where you saw this.... I looked at my software for trusts, Sub-S Corp and Estate returns and they all have filing by mail, printing for filing or for personal records, and printing to paper or to PDF files.
2246815
I purchased it for business use. Needed professional for certain programs. If it wasn't for those systems would have purchased home operating system.
192291
Amazon allows you to re-download the software in the future. By the way, TurboTax also allows you to print your return as a PDF so you won't have to re-print your return in the future.
1801613
The TurboTax End User License Agreement (EULA) for the Basic, Deluxe, Premier, and Home & Business CD/Download versions allows you to install TurboTax on all computers you own. In addition, you're allowed to make one backup copy of the program for personal use. In accordance with IRS restrictions, TurboTax allows you to prepare and electronically file up to five federal and related state tax returns.
38244
Yes. From the "about" pages: 1. For TurboTax Basic, TurboTax Deluxe Federal-only and TurboTax Premier Federal-only (i.e., the Deluxe or Premier versions that contain functionality only to prepare a federal return): a. You may prepare, print and e-file federal returns. 1. E-File Restrictions a. The IRS imposes a limit of five (5) federal e-files. b. TurboTax imposes a limit of three (3) State e-files per federal return.
2017688
I am not using the software for payroll. I think there is an add-on that does payroll. On the intuit site it looks rather expensive ($300+ per year).
2066177
Yes, it is easy to import your Turbotax files from last year into this software. Depending on the complexity of last year's taxes you may need to answer a few question to an import wizard program.
828382
Yes. Once a return is started, Turbo Tax Basic allows the user two options for entry: the interview method or the self-exploration method. Choosing the latter allows the user to push a "forms method" button to see actual forms, one of which is Schedule B. Once the form is in view it is easy to enter dividend and interest income directly.
1813676
John, Thanks for you post. It confirms that I am not alone in my frustration about tax prep software ( TurboTax, TuxCut at al) not offering an oprion to automatically analyse joint vs. separately. They all claiming to minimize the taxes, but fall short on this step.
1898873
Yes, but you have to have two separate lines. You can have one personal line and one business line.