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I have an LLC business, what turbo tax do I use to file my personal taxas

 
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I have an LLC business, what turbo tax do I use to file my personal taxas

S Corporations are on the Business Tax Year 2021 available on CD or Download.

FangxiaL
Expert Alumni

I have an LLC business, what turbo tax do I use to file my personal taxas

It depends.

 

If it is a single-member LLC, you can report the income and expenses on Schedule C of Form 1040. The correct version of TurboTax is Self-Employed. 

 

If it is a multiple-member LLC, you need to file a Partnership return using Form 1065 (you have to use TurboTax Busines for that). Schule K-1 from the partnership return will be reported on your personal income tax return.

 

Or you may elect to treat the LLC as a C corporation or an S corporation. 

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