Which Turbo Tax should I purchase for my home based business?

Which Turbo Tax should I purchase for my home based business?

Answer:

Turbo tax software: Intuit has several versions of TurboTax software that are geared toward the different tax preparation needs of its customers.  For example, if you have a home-based business that is structured as a sole proprietorship, which is an unincorporated business owned by one person, then the Home & Business version would generally be the preferred choice.  However, if you have been in business for a long period of time and are familiar with the business expense deductions for your particular business and familiar with preparing Schedules C and SE, Forms 4562 and 8829 and other business-related schedules and forms, then the Deluxe version may be acceptable.  The following discussions and the comparison tools on Intuit’s website may help you select the appropriate version:

• Turbo Tax & Turbo Tax Online for Your Tax Filing Needs: associatedcontent.com
• Which Tax Software Version: Basic, Deluxe or Premium: about.com
• Which Version of Turbo Tax Should I Use? ask.metafilter.com
• How to Choose Tax Software: ehow.com

Intuit TurboTax selection and comparison tools:

• Turbo Tax Buyer’s Guide: turbotax.intuit.com