turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

jfitz93
New Member

I need to file taxes for my LLC. I have already filed personal taxes using TurboTax. What is the best TurboTax option to use for the LLC?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
IreneS
Intuit Alumni

I need to file taxes for my LLC. I have already filed personal taxes using TurboTax. What is the best TurboTax option to use for the LLC?

How is the LLC organized, as a sole-proprietorship, partnership, or S-Corp?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
WillK
Intuit Alumni

I need to file taxes for my LLC. I have already filed personal taxes using TurboTax. What is the best TurboTax option to use for the LLC?

It depends on how the LLC is taxed.

If it is a partnership or a Corporation you will need to use Turbo Tax small business which you can get here: https://turbotax.intuit.com/small-business-taxes/ after you prepare the return, Schedule K-1 will be generated and that needs to be reported on your personal return, which means you will need to file an amended return.

If you are a single member LLC, your business income/expenses will be reported using Schedule C which will nee dot be included on your personal return. Which means you will need to file an amended return to include that. 

If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.
Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  
Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies