Need to know how to start my return in Turbo Tax Business (TTB). My two Mbr LLC is treated as an S-Corp (granted by IRS), so when I start my return in TTB I am asked "What Type of Business Entity or you?"...Do I pick Multi-Member LLC (Form 1065) or S Corporation (Form 1120S)?
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If you have elected to be treated as an SCorp, then select SCorp as that question specifies the type of tax return (Form 1120S) that will be created.
See more information here: https://www.irs.gov/businesses/small-businesses-self-employed/llc-filing-as-a-corporation-or-partner...
If you have elected to be treated as an SCorp, then select SCorp as that question specifies the type of tax return (Form 1120S) that will be created.
See more information here: https://www.irs.gov/businesses/small-businesses-self-employed/llc-filing-as-a-corporation-or-partner...
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