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For a multi-member LLC you will need the TurboTax Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040. Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/
You will still need to file your personal tax return and report the Schedule K-1 received from the business on your personal tax return. Using the online editions of TurboTax you will need either the Premier or Self-Employed editions to report the Schedule K-1. Using the desktop CD/Download editions of TurboTax, any of the desktop editions can be used to complete a personal tax return and report a Schedule K-1.
For a multi-member LLC you will need the TurboTax Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040. Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/
You will still need to file your personal tax return and report the Schedule K-1 received from the business on your personal tax return. Using the online editions of TurboTax you will need either the Premier or Self-Employed editions to report the Schedule K-1. Using the desktop CD/Download editions of TurboTax, any of the desktop editions can be used to complete a personal tax return and report a Schedule K-1.
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