Thank you for your updated information. Here's your situation:
The new multi-member LLC must file a tax return using Form 1065 just as a partnership would. Form 1065 is included in TurboTax Business (not Home & Business) and is available on in the CD/Download version for Windows. You can purchase and download it from here: https://turbotax.intuit.com/small-business-taxes/ You will use the Schedule K-1 information included in that 1065 to prepare your personal income tax returns.
Since you also have a sole proprietorship, you will need either the TT online version called Self-Employed or any of the personal versions Deluxe or higher. The sole proprietorship income and expenses are included on Schedule C of the Form 1040 that is included in those programs. The K-1 from the 1065 discussed above will be used in connection with preparing your full tax return with the information entered from it beginning on Schedule E of Form 1040. You cannot transfer data between TT Business and any of the personal tax programs. That information will have to be entered manually from the K-1.
