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mskalava
New Member

Hi, My spouse and I are filing jointly. We opened a 50-50 partnership LLC. Can you confirm where I should enter the details.

 
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1 Reply

Hi, My spouse and I are filing jointly. We opened a 50-50 partnership LLC. Can you confirm where I should enter the details.

If you live in a Community Property State then you can simply split everything and enter it on 2 separate Sch C forms on the personal return. 

If not then you must file a separate Partnership return ( which was due 3/15/19 unless you put it on extension) and it requires a separate program to do it ...  if this is your first form 1065 then you may want to seek local professional assistance to get educated on what is required. 

 

To prepare a corporate, trust or partnership return you would need Turbotax Business.  This is a separate program from Turbotax Home and Business.  TT Business is a program only available for desktop windows use (there is no on-line or Mac version.) 

http://turbotax.intuit.com/small-business-taxes/

https://turbotax.intuit.com/small-business-taxes/forms-business.jsp

https://ttlc.intuit.com/questions/1917225-is-turbotax-business-right-for-me


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