A:AnswerYes. I've been using the Home & Business version for my personal taxes with two LLC's. It is useful for home office or remote office, business expenses, depreciation, etc., and fills out the additional schedules. I also use for creating & filing 1099's for subcontractors and office rental.
A:AnswerYou get up to 5 federal returns regardless of whether you download the software from the internet or a CD. The first state is included for free (but you pay online filing fee of ~$25 unless you file using a hardcopy). If you file in more than one state, you can buy additional states within the software (ie, you pay for each state beyond your first state).
A:AnswerYes! You can do 5 separate federal returns. But only one state return for free. So the other 4 people will need to pay a fee for state eFiling, about $40 each.
A:AnswerIt has Schedules K-1 for Trusts & Estates. You can download from financial institutions. For more detailed information, contact Intuit, for specific needs.
A:AnswerI don't understand your question. If you are asking if it can do Schedule C's the answer is yes whereas Premier and Deluxe can't. I use it since I have 1099 income as a consultant.
A:AnswerThe Home & Business is only for sole proprietor that is shown in Schedule C. If you need to file S Corporate that is form 1120S and you need the Turbo Tax Business version.
A:AnswerI believe you can file 5 tax returns and they would need to be for the same state. You only need to buy another state license when you need to file in 2 states. So you get 1 state free with your Turbo Tax Home & Business.
