LLC and W-2 filing

[user000161308]

I work and I have started our own corporation (LLC) with partners. Is there a product that I can use to handle both components W-2 and LLC activity?

[MollsBBU · Accepted solution]

To file a return for a partnership/multi-member LLC (Form 1065) you'll need TurboTax Business to file for your business taxes (which can generate W-2's for you). You'll then need to submit a 1040, 1040EZ, or 1040A for your personal taxes. To compare personal tax prep products, please see the TurboTax Online Product Guide and the 2016 TurboTax CD/Download Product Guide.

However, if you're in business for yourself and haven't incorporated or created an LLC, use TurboTax Self-Employed instead. This program will prepare the Schedule C for your business as well as the right 1040 form for you. To see how to generate forms using TurboTax Self Employed or TurboTax Home & Business, please see this TurboTax FAQ.

To prepare forms in TurboTax Business, please see the following TurboTax FAQ:
https://ttlc.intuit.com/replies/3301188

[curt504]

If I remember TT-business: when you click prepare W-2 it expects you to have figured out the net pay, all taxes yourself, you just punch the numbers in.

I need help taking gross pay and breaking down into the various W-2 numbers??   I could not find any help in TT-business for what I believe is a basic business need.