I own a LLC company (me and my wife). Which version of turbo tax do I need to show the income from the LLC?

kmassett · ‎June 5, 2019

WillK · ‎June 5, 2019

It sounds like you and your wife have a partnership which means you will need to file Form 1065 using Turbo Tax business: https://turbotax.intuit.com/small-business-taxes/

One your prepare and file the Form 1065, you and your wife will each receive a Schedule K-1 which allocates your percentage of the business income and expenses. You will need at least Turbo Tax Premier to file the K-1: https://turbotax.intuit.com/personal-taxes/online/

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

View solution in original post

WillK · ‎June 5, 2019

It sounds like you and your wife have a partnership which means you will need to file Form 1065 using Turbo Tax business: https://turbotax.intuit.com/small-business-taxes/

One your prepare and file the Form 1065, you and your wife will each receive a Schedule K-1 which allocates your percentage of the business income and expenses. You will need at least Turbo Tax Premier to file the K-1: https://turbotax.intuit.com/personal-taxes/online/

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

Expert does your taxes

Do it yourself

Resources

Support

I own a LLC company (me and my wife). Which version of turbo tax do I need to show the income from the LLC?