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Get your taxes done using TurboTax
#1 You need TurboTax Business (not Home & Business). TurboTax Business is available only as a CD or download that you install on your Windows computer.
#2 & #3 It's probably a good idea to hire someone for the first year. After you see what the tax professional does, you can decide how comfortable you would be doing it yourself in future years. A partnership tax return (Form 1065) is very different from a personal tax return.
#4 We cannot recommend particular tax preparers. You can search for a local Enrolled Agent on the NAEA web site.
#5 The partnership tax return will include a Schedule K-1 for each partner. You cannot import the Schedule K-1. You have to manually enter the information from the Schedule K-1 in your personal tax return.
‎January 3, 2023
4:31 PM