Adding a LLC filing to a sole prop that has already been filed. Zero income on the LLC

[rickjones]

I have a Home and business Turbo Tax.  I have a sole Prop business that I already filed.  I also have an LLC that I need to add to it.  There is zero income on the LLC, but, I have some deductions.  How and where do I add the LLC?

[DawnC · Accepted solution]

If the LLC is a single-member LLC, then you can just amend the Form 1040 that you previously filed to add the single member LLC.  

If the LLC is a multi-member LLC, then you will need to use TurboTax Business (not the same as Home & Business) to prepare a business tax return Form 1065.   When you complete the Form 1065, TurboTax Business will create a K-1 that you will need to enter on your personal tax return.  Which means, you will still need to amend your originally filed tax return to add the K-1.    

[rickjones]

Thank you for the reply.

I previously was trying to amend it as you mentioned but did not know where.  I opened the "amend" and couldn't figure out where to go after that.
Could you please elaborate?

Thank you,

Rick

[CatinaT1]

See this TurboTax FAQ for help with amending.

[rickjones]

Thank you very much.  Great help!