Key Features of TurboTax Business:
Every year you use TurboTax, it gets easier.
We'll save you time and give you a head start on your income taxes by transferring last year's information from your TurboTax return. We'll also show you a year-over-year comparison for your business, so you can see where you stand.Easily import your QuickBooks data
We'll help you avoid data entry by importing your Profit & Loss statements from QuickBooks. If your chart of accounts is not tax-ready, we'll automatically import your QuickBooks income and expense accounts and classify them in the appropriate tax categories that you can edit.Simplify entering income and expenses
Don't use QuickBooks? We'll help you quickly enter all of your business expenses, no matter how you track them. Whether you have a Profit & Loss statement or you track expenses manually, we'll give you all the guidance you need to ensure you've covered all income sources and expense categories.Get every business tax deduction and credit you deserve
We'll walk you through the business expenses you can deduct—like vehicle expenses, supplies, assets, promotion and advertising and travel, so you don't pay more taxes than you owe.Plus, get all these additional features:Find industry-specific tax deductions
We'll walk you through typical deductible expenses by industry to help you spot commonly overlooked tax deductions.Simplify asset depreciation
We'll review your large purchases with you and help you determine the most advantageous, tax-saving strategy for your assets. Then we'll guide you through calculating and reporting depreciation. We'll even help you track depreciation year-over-year when you use TurboTax.Get product and tech help
Get one-on-one answers to your questions from our Customer Support Agents via phone or live chat, for free!*Thousands of error checks before you file
Before you file, we complete thousands of error checks to help ensure your tax return is accurate and you avoid triggering an audit.Have a new business? Get extra guidance.
We'll walk you through your business taxes and show you which start-up costs new businesses can deduct.Track your audit risk
We'll check your tax return and show you whether your tax audit risk is high or low. Then, we provide tips to help you reduce your chance of an audit.Create K-1 forms electronically
Distribute K-1 forms electronically in PDF format—no need to make a trip to the post office.
Create unlimited W-2, 1099-MISC, 1099-INT and 1099-DIV
Prepare forms for employees, contractors, shareholders and partners. All calculations can be done and printed on plain paper—no need for special-colored ink tax forms.Prepare tax returns for multiple businesses
TurboTax Business lets you prepare income tax returns for multiple businesses, even if they are different entity types.Guidance for real estate rental property activities
Get step-by-step guidance through a customized rental real estate experience, so you can rest assured that all related income and expenses are covered.Transfer your federal tax info to state
We can transfer your federal data to TurboTax Business State, so you can complete your state tax return quickly, easily and accurately.Federal efile is included
Free federal efile is included with TurboTax Business. It's easier and more accurate than paper filing and is the IRS's preferred filing method.