We prefer to not do a separate return for the business but are unsure how to proceed. I file online and she uses a preparer. I want to be sure she has all the info she needs before she takes her paperwork to them. Please help!
If you have a partnership with your daughter, you'll need to file ONE tax return for the partnership (form 1065).
To file form 1065, you'll need to use TurboTax Business CD/Download which is available on Windows platforms. It is not available for Mac computers.
https://turbotax.intuit.com/small-business-taxes/
As part of form 1065, each partner will receive a Schedule K-1. That schedule K-1 will then be entered in your respective joint personal tax returns.
If you have a partnership with your daughter, you'll need to file ONE tax return for the partnership (form 1065).
To file form 1065, you'll need to use TurboTax Business CD/Download which is available on Windows platforms. It is not available for Mac computers.
https://turbotax.intuit.com/small-business-taxes/
As part of form 1065, each partner will receive a Schedule K-1. That schedule K-1 will then be entered in your respective joint personal tax returns.