“Which Turbo Tax product can I use for my personal federal tax and my home-based sole-proprietor business?”
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All TurboTax personal tax products include all the same forms but with different guidance that they offer. While TurboTax Deluxe does include what you would need to report your sole proprietor business, we do suggest TurboTax Home & Business to get the guided interview questions to ensure information is being accurately entered. If you are comfortable manually entering your information, you can use [product] in Forms Mode. While using Forms Mode will not prevent you from e-filing, it does void the TurboTax Accuracy Guarantee. If you override any values that were calculated by TurboTax, this will void the Accuracy Guarantee and you will be unable to e-file. However, you would still be able to print and file your return. TurboTax Home & Business is recommended if any of the following apply: You are self-employed, an independent contractor, a freelancer, a Small business owner or sole proprietor, or have a home office or home-based business.
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