If I have an LLC partnership, do I have to file tax separately? Or I can do it within my personal tax return.

Last year, I opened a LLC (and filed for ITIN) with one my friend in Texas. We didn't do any profit after opening it apart from few simple expenses. So, wondering if I have to file the taxes for LLC separate from my personal one. Thank you!

458

Level 15

Mar 6, 2021 9:10:49 AM

Yes you have to file a separate business return. You need Turbo Tax Business.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's (Win 8 or newer) 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

Windows system requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175

Level 3

Mar 7, 2021 8:26:05 AM

Sounds good and thank you.

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If I have an LLC partnership, do I have to file tax separately? Or I can do it within my personal tax return.