Charlie Piozet
Returning Member

Where to report income from LLCs?

My wife's Mom passed away and my wife and brother-in-law inherited some rental properties from her. On the advice of their attorney, they created four LLCs; she and I have prepared Federal and Idaho state tax returns for all four LLCs. My question is: will Turbo Tax Premier provide me with the correct Federal and Idaho state forms or schedules to appropriately report our share of the income from the four LLCs on our personal returns for 2022?

Please let me know - thanks for your help.

 

Charlie Piozet