First time completing K-1 and 1065 forms for a 2 person llc...HELP!

[mountaincamping]

My son started 2 person llc partnership w/ his girlfriend in July 2018. Can he just put all income & expenses on his K-1 form for his individual return?

The IRS also shows him having to file a form 1065 because he also got an EIN number. Their 2 person llc is classified by the IRS as a partnership. They only had income of $250 but start up costs (including equipment purchases) of $2k. 

His girlfriend already filed her individual return without claiming any of their business as they thought they could just claim it all on his return. How does my son file his K-1 showing 100% responsibility for all income and expenses?


And on a related note, we just use Turbo Tax Deluxe...would upgrading to turbo tax for home & biz help us fill out the 1065 form also needed? We had to file an extension on that one as we didn't know how to answer some of the questions. 

Thank you!

[Anita01]

You (he) needs to file a 1065 Partnership return and TurboTax for Business would be used for that, not Home and Business..  TurboTax for Business generates the k-1s, you don't just fill them in outside of the 1065.  Copies of them are filed with the IRS as part of the 1065 filing.The Partnership needs to generate two k-1s, one for each partner.  He can decide how to allocate everything between the partners but that needs to be done as part of the 1065.  Deluxe will do fine for you for entering the k-1.  He does not enter the Business information anywhere except by entering the k-1.