TurboTax Business

About TurboTax Business

TurboTax Business is Intuit's desktop software for business entity tax returns—C Corporations, S Corporations, partnerships, LLCs, trusts, and estates. It is separate from TurboTax Self-Employed, which handles sole proprietors on a personal Schedule C. TurboTax Business prepares the entity return (Form 1120, 1120-S, 1065) along with the accompanying Schedule K-1s for each shareholder or partner.

The step-by-step interview walks owners through income, deductions, depreciation, and credits, automatically checking for errors before filing. State returns are available as an additional purchase. TurboTax Business installs on Windows (no Mac version available) and includes five federal e-files.

TurboTax Business is best for owners of small corporations and partnerships who want guided assistance with their entity return but aren't ready to pay CPA rates for a relatively straightforward annual filing. It's particularly useful for single-owner S Corps who need both the Form 1120-S and their personal K-1 in the same workflow.

Key Features

• Covers Form 1120, 1120-S, 1065 (C Corp, S Corp, partnership, LLC)
• Generates Schedule K-1 forms for all shareholders and partners
• Step-by-step interview with error-check before e-file
• Includes five federal e-files per license
• Asset depreciation and section 179 deduction guidance
• Prior-year TurboTax data import

User Ratings

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