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Own a multi member llc with wife.do i buy regular tt for personal taxes and then also buy tt business 2016 for llc?Do I need to buy 2 different softwares?
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June 3, 2019
12:24 PM
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Get your taxes done using TurboTax
You will need to get two different Turbo Tax products, one for the business and one for your personal return.
For the business return: https://turbotax.intuit.com/small-business-taxes/. Once you file the 1065 (multimember LLC) return a Schedule K-1 will be generate for each member, which will need to be reported on their personal return.
For your personal return: https://turbotax.intuit.com/personal-taxes/online/. You will need Turbo Tax Premier to report the K-1 from the business on your personal return.
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June 3, 2019
12:24 PM