Carl
Level 15

Get your taxes done using TurboTax

@Karakaay 

For a multi-member LLC/Partnership, while it's still considered a disregarded entity, that type of business entity must complete it's own physically separate IRS Form 1065 Partnership tax return. For doing this it requires that you purchase a completely separate program called TurboTax Business. This is *NOT* Home and Business.

TurboTax Business is for the windows operating system only. It is not available for MAC and it is not available as an online product.

With TurboTax Business you will prepare and file the 1065 partnership return. With that same program a K-1 will be issued to each owner of the business and each owner will need their own K-1 in order to complete their personal 1040 tax return. So you can't even start the personal 1040 return until you have completed and filed the 1065 partnership return and all K-1's have been issued.

Also be aware that the 1065 Partnership return is due March 15 - a full month before the personal 1040 return filing deadline. Filing a partnership return late will be costly. It's $200 per month, per partner for each month late. So with two partners if you file on March 16th, the late filing penalty will be $400. Just be aware of this stuff.

You can purchase TurboTax Business 2019 at https://turbotax.intuit.com/small-business-taxes/  After you pay for it, you can download the CD installation file and install it on a *WINDOWS* computer immediately. If you also want to be sent the physical CD (which I recommend) then pay attention during the purchase process so you can indicate that you also want the physical CD mailed to you.