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mms1
New Member

I am an individual domestic partner in an LLC. what type of filing should i use?

 
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ThomasM
New Member

I am an individual domestic partner in an LLC. what type of filing should i use?

As a partner in a multi-member LLC, the LLC will first file its own tax return and then you'll be issued a Schedule K-1 (assuming it hasn't elected to be taxed as a C Corporation).  You'll need to include the information from the K-1 on your individual tax return.

If you are the person tasked with preparing the LLC tax return (Form 1065 for partnership or 1120S for S Corp), then you'll need to use TurboTax Business software to prepare it.  That's available in CD/Download versions only, and is Windows based (https://turbotax.intuit.com/small-business-taxes/?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-Business-...).

You will then need (at least) TurboTax Premier online to handle the entry of the K-1 for your personal return.

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