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posted Apr 14, 2025 4:13:34 PM

What should I do if my return is designated as a partnership on Turbo Tax but my business is an LLC?

I'm trying to move forward in the filing process, but Turbo Tax is saying I have to put in at least 2 partners in the designated box because it's a partnership, but its an LLC

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Expert Alumni
Apr 14, 2025 4:21:49 PM

Why is your LLC designated a partnership? An LLC with one owner is included on the owner's tax return for IRS purposes, unless you elected to become an S-Corporation.

 

And yes, a partnership must have at least two partners.