Yes, as Ernie says, an LLC owned by more than one person is taxed as either a partnership (1065) or as a corporation (1120). These returns are part of TurboTax Business (which is not the same as Home & Business).
There is an exception, if the owners of the LLC are married to each other and they live in a community property state, then they each file a Schedule C on the 1040, dividing their income and expenses according to how much they contributed to the business.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
