As a multi-member LLC (including two-member LLCs
run by spouses) will need to use TurboTax Business to prepare and file Form 1065 (U.S. Return of
Partnership Income).
Only one return for the partnership is necessary. The partnership
through the return will issue reporting statements (K1) to each of the
partners. You will use those K1s when you each file your individual 1040
returns.
TurboTax
Business (Windows
only) contains everything you'll need to prepare Form 1065 and the associated
Schedule K-1 forms.
It also lets you prepare W-2 and 1099 forms for
employees and contractors that work for your LLC.
