Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 14, 2022 6:22:54 PM

How do you record business expenses in TurboTax Self-Employed for a partnership? Can't use Schedule C (sole proprietor) and it's not on K-1's.

This is a multi-member LLC taxed as a partnership.

0 2 500
1 Best answer
Level 15
Oct 14, 2022 6:29:04 PM

Are these unreimbursed partnership expenses?

 

If so, check the box (see screenshot below) that appears after you enter the information from your K-1.

 

2 Replies
Level 15
Oct 14, 2022 6:29:04 PM

Are these unreimbursed partnership expenses?

 

If so, check the box (see screenshot below) that appears after you enter the information from your K-1.

 

Level 15
Oct 14, 2022 6:30:13 PM

You cannot use Self-Employed to prepare a return for a multi-member LLC.   You need TurboTax Business which can only be used with a Windows computer as a CD/download.

 

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