My wife and I have a LLC. The LLC is set up for a commercial building rental and RV storage. I purchased TurboTax Business to calculate the LLC taxes. The LLC is considered a partnership I guess as each of us own 50%. We are in Missouri. Which TurboTax product do we need for our personal taxes? TurboTax Premier or Home and Business? Which one allows us to include profit or loss from an LLC. We do have some stock. We do not file a schedule C.
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For the Desktop installed program you can use any version even Deluxe. All the Desktop programs have the same forms. You just get more help in the higher versions.
If you use the Online version you need Premium. Premium is a new name this year and replaces Online Premier and Self Employed versions.
For your personal taxes, TurboTax Premium can process your Schedules K-1, and your stocks.
For the Desktop installed program you can use any version even Deluxe. All the Desktop programs have the same forms. You just get more help in the higher versions.
If you use the Online version you need Premium. Premium is a new name this year and replaces Online Premier and Self Employed versions.
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