TurboTax Business (Desktop, Windows)
For corporations, partnerships, multi-member LLCs, estates, and trusts.
Approximate Windows download price; state may be extra. This product files the business return, not your personal 1040. Confirm on the official site or retailer.
Links go to the official TurboTax site or retailers. We are an independent guide, not Intuit.
Heads up: InstallTurboTax.us is an independent, taxpayer-friendly help site. We are not affiliated with, endorsed by, or sponsored by Intuit Inc. or TurboTax®, and we are here only to make your tax software easier to use. Always verify pricing and features on the official TurboTax site. Full disclaimer.
Key features
- Prepares Forms 1120 (C-corp), 1120-S (S-corp), and 1065 (partnership)
- Generates Schedule K-1s for owners and partners
- Estate and trust returns (Form 1041)
- Guidance for startup costs and asset depreciation
- Creates W-2 and 1099 forms for employees/contractors
Specifications
| Platform | Desktop — Windows only |
|---|---|
| Files | 1120, 1120-S, 1065, 1041 |
| Personal return (1040) | Not included — use a personal edition |
| State business return | Often extra |
| Owners receive | Schedule K-1 to enter on personal returns |
Pros
- ✓Handles entity returns most consumer software can't
- ✓Generates K-1s, W-2s, and 1099s for you
- ✓Good for small corporations and partnerships
Cons
- ✕Windows only — there's no Mac version
- ✕Does NOT do your personal 1040
- ✕A steeper learning curve than the personal editions
A different product for a different return
This is the most commonly misunderstood TurboTax product, so let's be clear: TurboTax Business is not for your personal taxes. It prepares the return for a business entity — an S-corp (1120-S), C-corp (1120), partnership or multi-member LLC (1065), or an estate or trust (1041) — and produces the Schedule K-1s that owners then enter on their own personal returns.
If you're a sole proprietor or single-member LLC, you do not need this; Home & Business (or online Premium) handles your Schedule C just fine. TurboTax Business is also Windows-only, so if you're on a Mac you'll typically run it in a virtual machine or look at a different solution.
Frequently asked questions
Does TurboTax Business file my personal taxes too?＋
No. It prepares the business entity return only. You'll still file your personal 1040 with a separate edition, entering the K-1 your business return generates.
Is there a Mac version of TurboTax Business?＋
No. TurboTax Business is Windows-only. If you're on a Mac, you can sometimes run it in a Windows virtual machine or consider TurboTax Live Full Service Business.
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