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Hi, So I have a small LLC that I was hoping to use Turbotax Business for doing the taxes on my MAC computer and Intuit does NOT offer it for MAC! So my question is can I use Turbotax Home & Business for my small LLC?
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Yes, but only if you file a Schedule C, not a partnership or corporation.
If I use the turbotax Home & Business wouldn't I be mixing the LLC taxes with personal?
Yes. If you are the only member of the LLC, and did not elect to be treated as an S Corp, then you your LLC income is filed on Schedule C. You could consider it mixing the LLC taxes with personal taxes, but that is the proper way to do it.
If you chose to be treated as an S-Corp, then you would need to use TurboTax Business. In this situation, you need to fill out the 1120-S, which will generate a K-1 which will then be entered on your personal return.
I own a Mac laptop. I wish to file the 1065 partnership form for an entity that has two or more members. Is there a product that you offer that will work on my Mac laptop?
Thank you.
Sorry it's only available for Windows from Turbo Tax. You can probably run the Windows Business program on a Mac using a Windows Emulator like Parallels. But you would have to buy a copy of Windows to install in it. Google Windows on Mac to get articles on the various options
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