Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
litfingreen
New Member

I have an LLC Partnership (2 people). How do I file this?

 
2 Replies
VolvoGirl
Level 15

I have an LLC Partnership (2 people). How do I file this?

You need Turbo Tax Business.
The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return.   It  is a separate program from the Desktop Home & Business program or the Online Self Employed version.

Turbo Tax Business  is not available to do online or on a Mac.  You can buy the Window's version here.  And you can have both TT Business and TT Home & Business (or any personal version) installed on  your computer at the same time.
https://turbotax.intuit.com/small-business-taxes
Ashby
New Member

I have an LLC Partnership (2 people). How do I file this?

That requires filing a Form 1065 Partnership return. This is similar to a corporate tax return that produces a K-1 that you report on your personal return. That return was actually due on March 15th. So, just a heads up, you are likely subject to a late filing penalty.

TurboTax only handles individual returns with sole proprietorship businesses on Schedule C.

You will need TurboTax Business to complete a Form 1065.

Here's the link for that software:

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

***Note:  If the partnership is you and your spouse, you may be able to file on your 1040 with regular TurboTax. Please post a comment if this is the case.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~