I am trying to determine which version of TurboTax to download. My wife has a small business (sole proprietorship) run out of the home. Does TurboTax premier allow you to input revenue and expenses as part of your income?
Thank you for choosing Turbotax. Yes, TurboTax premier will allow you to input your expenses and income. However, we recommend TurboTax Self-Employed version because it is best suited for a sole proprietorship. It will able to capture all business expenses, deductions, and revenue which is easily recorded on form T2125 which provides you with your net business income or loss.
If you have already started your tax returns with a different version of TurboTax, you can always upgrade if you need more guidance please visit on link below: