How do add an LLC partnership return to my personal taxes on turbotax

[LaShaunA3 · Accepted solution]

You don’t add the LLC partnership return itself to your personal tax return, you enter your Schedule K-1 from the partnership. 

The partnership files its own tax return, and a K-1 from that return is issued to each partner. You use this form to report your share of income, deductions, and credits.

When you have the K1, and you are ready to file it on your personal tax return, take the following steps:

• Go to Federal → Wages & Income → Schedule K-1 → Partnership/LLC (and enter the K-1 exactly as issued. You’ll need TurboTax Premier or Self-Employed, and the income will flow automatically to the correct forms on your personal return.

For more information on K1s, see our help article, What is a Schedule K-1?