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

 
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PatriciaR
New Member

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

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/



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1 Reply
PatriciaR
New Member

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

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/



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