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williamjferris
Level 2
February 16, 2022
Question

Multiple LLC's

Hi,

 

My wife and I each have an LLC. Can you file multiple LLC's on Turbo Tax's Business Software? Or do you need to buy the program(currently $170) for each LLC to file? Thank you.

3 replies

Anonymous_
Level 15
February 16, 2022

Are the LLCs single-member LLCs?

 

If so, the LLCs are treated as disregarded for federal income tax purposes and you would each file a Schdule C as part of your individual income tax return (1040).

Anonymous_
Level 15
February 16, 2022

Note that you can, indeed, prepare and file multiple Forms 1065 for multi-member LLCs with TurboTax Business.

    williamjferrisAuthor
    Level 2
    February 24, 2022

    My wife and I are members of both LLC's, so they are not single member. I have Turbo Tax Business which sounds sufficient for filing multiple LLC's. Thank you!

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