I have a multi member LLC and I believe I need to use Turbotax Business to file F1065 and generate the K1s. Would I have to buy another Turbotax to file my personal 1040, or this version would allow me to do both?

[ColeenD3 · Accepted solution]

Yes, you are correct in that you need the Business program to file your F1065. You would need to buy another version to do your personal return. 

To enter a Schedule K-1 using the online editions you will need to upgrade to either the Premier or Self-Employed editions.

[Nilde V Passanesi]

Ok, thanks!