Have used TurboTax Business for 4 years and Trubotax Delux for the last 20 or so years. This year our business and investments brought us to 2 new states and into Ira and Solo401k investments. Specifically, IRA and Solo 401k ownership of a multimember LLC and purchasing properties in Tennessee and Arkansas. TurboTax gives very little guidance on this type of returns. The Tennessee and Arkansas state returns are vague as well. Once downloaded I found that they can both be completed non each of the state's sites for free. I realize my specifice tax return is a little more complicated than a standard 1065 but wish there was a little more help and clarity on the topics
I am amazed at how easy TurboTax is to use. I am very satisfied with the software. I like doing my taxes myself because it gives me a deeper understanding of our organizations finances.
It gets the job done, but TurboTax Business 2024 seems like it hasn't really been "gone through" to update it to current tax forms. For example, it references "1065, Line 22" on the K-1 Statement A QBI forms, but that's in old forms. Current form reference should be "Line 23". Also had trouble dealing with ownership percentages before and after a partnership change. Forms kept deleting the percentages and causing "we found 17 errors" to pop up. Just seems like the product is the exact same as it was in 2020 (my last purchase) and un-cared-for.
it was difficult to find the downloadable version, it was easy to find the more expensive online version. Don't like the fact you have to automatically enroll for next year too, seems like this should be illegal.