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2 replies

DoninGA
Level 15
Level 15
January 7, 2020

The Partnership tax return, Form 1065, is only available using the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/

The Business Editon can only be installed on a Windows base personal computer, not on a Mac or online.  The Business Edition cannot complete a personal tax return, Form 1040.

 

IRS Form 1065, U.S. Return of Partnership Income - https://www.irs.gov/forms-pubs/about-form-1065

Level 2
January 21, 2020

My wife and I are the sole members in a PA limited partnership that owns a rental property. So to complete the Partnership Return and report the income on my personal 1040 tax return then it appears I need to buy two Turbo Tax Editions. The Business Premier for the Partnership and the Premier Edition to complete my personal return, is this correct?

VolvoGirl
Level 15
January 21, 2020

Yes.  You need to also buy the separate Business program.  There's just one Business (not a Premier one).

 

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.

https://turbotax.intuit.com/small-business-taxes