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Can we file a personal return for an LLC with the info from our accountant that did our K-1 1065 , or do we have to do self employed or business return?

 
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LinaJ2018
Intuit Alumni

Can we file a personal return for an LLC with the info from our accountant that did our K-1 1065 , or do we have to do self employed or business return?

If you are referring to report a schedule K-1 from a partnership Form 1065, you can use any our personal tax editions to file ( Free edition/ Basic, Deluxe, Premier and Self-Employed/Home & Business).  You might not have to use the Self-Employed edition, depends on what entries you have on the K-1.  You can start with any TurboTax edition(a lower version), for example, Deluxe.  As you start to enter your K-1 information in the program, it will prompt you for an upgrade if it applies.  You do not need the TurboTax Business edition unless you are filing your partnership Form 1065 and other related tax forms.  

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2 Replies
LinaJ2018
Intuit Alumni

Can we file a personal return for an LLC with the info from our accountant that did our K-1 1065 , or do we have to do self employed or business return?

If you are referring to report a schedule K-1 from a partnership Form 1065, you can use any our personal tax editions to file ( Free edition/ Basic, Deluxe, Premier and Self-Employed/Home & Business).  You might not have to use the Self-Employed edition, depends on what entries you have on the K-1.  You can start with any TurboTax edition(a lower version), for example, Deluxe.  As you start to enter your K-1 information in the program, it will prompt you for an upgrade if it applies.  You do not need the TurboTax Business edition unless you are filing your partnership Form 1065 and other related tax forms.  

Can we file a personal return for an LLC with the info from our accountant that did our K-1 1065 , or do we have to do self employed or business return?

You only need to enter the K-1.  You don't have to fill out schedule C for it.  You can use any of the Desktop CD/Download programs to enter a K-1.  But if you are using the Online version you need Premier or the Self Employed version to enter a K-1.  If you don't need the Self Employed version for anything you can downgrade to Premier  
https://ttlc.intuit.com/replies/3288495

https://ttlc.intuit.com/replies/3301717

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