Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 3:12:41 PM

Is self-employed the right software for a partnership LLC?

0 1 1276
1 Best answer
New Member
Jun 4, 2019 3:12:42 PM

TurboTax Self-Employed is for single-member LLCs.  You will need TurboTax Business.  Partnerships file a 1065 partnership return, then each partner gets a Form K-1 from the partnership to include on their individual personal returns.  Partnerships are due by March 15th, 2017. 

Here is a link to TurboTax Business for preparing and filing a partnership return: 

https://turbotax.intuit.com/small-business-taxes/



1 Replies
New Member
Jun 4, 2019 3:12:42 PM

TurboTax Self-Employed is for single-member LLCs.  You will need TurboTax Business.  Partnerships file a 1065 partnership return, then each partner gets a Form K-1 from the partnership to include on their individual personal returns.  Partnerships are due by March 15th, 2017. 

Here is a link to TurboTax Business for preparing and filing a partnership return: 

https://turbotax.intuit.com/small-business-taxes/