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Get your taxes done using TurboTax
xmasbaby0 is assuming that you have a single-member LLC. But you said that you are the "chief officer" of the LLC. That sounds like there are other members of the LLC. If it's a multi-member LLC it has to be treated as a partnership. That means that the LLC has to file a partnership tax return, Form 1065. You can do that with TurboTax Business, not with Premium. So you have three tax returns that you have to file.
There is a possible exception if you and your spouse are the only members of the LLC and you live in a community property state.
If the LLC has filed an election with the IRS to be treated as an S corp or a C corp, then of course it has to file the appropriate corporation tax return instead of a partnership return.
‎January 12, 2025
12:35 PM