Thank you for the clarification. So as I understand it, I file two returns. One is the form 1065 from TT Business for which there are no direct tax payments, and the other is my personal return where the K-1 comes into play. How do I incorporate the K-1 's from TT Business into the personal return ? Is it a questioned item for which I enter the K-1 data ? (like a W-2 etc.) and can I use TT Deluxe for the personal return ?
Also, Do I need to file the 1065 with both NC and PA. PA is the state where the LLC is set up.
Again, thank you for your help, after year 1, I will know how to do it.
