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aleisar59
Returning Member

If I file my partnership taxes via TurboTax does that include my personal taxes as well?

 
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ThomasM
New Member

If I file my partnership taxes via TurboTax does that include my personal taxes as well?

If you have to prepare & file a form 1065 partnership tax return, you'll need TurboTax Business software to do that.  That program prepares only business returns; it will not prepare personal returns.

Once you've filed the business return and generated a K-1 for your share of income, you'll then need to prepare your personal taxes using one of the individual tax software versions of TurboTax.

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ThomasM
New Member

If I file my partnership taxes via TurboTax does that include my personal taxes as well?

If you have to prepare & file a form 1065 partnership tax return, you'll need TurboTax Business software to do that.  That program prepares only business returns; it will not prepare personal returns.

Once you've filed the business return and generated a K-1 for your share of income, you'll then need to prepare your personal taxes using one of the individual tax software versions of TurboTax.

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