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Question

TurboTax Deluxe Personal taxes with partnerships

Forum|Forum|6 years ago
July 15, 2020
1 reply
14 views

Hi,

I have already filed my multimember llc taxes with TurboTax business (I have three llc businesses ). Now I need to file my personal federal taxes and include the businesses. I just ordered TurboTax deluxe CD, will this work?

TurboTax Deluxe Online

Level 4

Presumably the LLC Tax Returns generated Forms K-1 which summarizes each member's share of revenue/expense. Form or "Schedule” K-1 information articulates the LLC financial info to the 1040. Turbo Tax Deluxe CD or "Desktop" Version accommodates Form K-1. Turbo Tax Deluxe Online does not support the Form K-1. Using Turbo Tax Online one must use either Premier or Self-Employed Version.