Yes, you can prepare your returns separately. Also, if you are using TurboTax Online, you don’t need to use the same version – this is only necessary if you are preparing your returns together. So if your wife only needs Standard, then she can use that while you use Self-Employed.

We do have Turbo Tax online (self-employeed). Do you mean that my wife needs to purchase the standard version to file now, and then I can still use the self-employeed version to file my return later on? The same self-employeed version account cannot be used to file in two different times, correct?