No. You need TurboTax business to prepare the multimember LLC tax return. That will create a K-1 form for each member. Then, you need one of the personal versions of TurboTax to prepare your personal tax return. You will include the K-1, any W-2 jobs, and all of your personal deductions and credits such as state income taxes paid, mortgage interest, and charity donations. If you have a K-1 and not a schedule C, you can use the Premier version of TurboTax for your personal tax return.
