@smallBbigB I think the problem is "What is a K-1."
Your LLC makes money and spends money. It is owned by four people. Because of the way your LLC is taxed it does not pay taxes on the money it makes. It passes the money it makes through on to the tax returns of the people who own it. In this case the four of you.
The way it does that is on a form called a K-1. The K-1 lets you know what your share of the company's profits and expenses are yours and where to put them on your tax return.
So there isn't a K-1 from your LLC. But there may be a complete tax return already done for your LLC. If your LLC pays taxes as a corporation and then the LLC has paid the taxes and there are no K-1's.
Either way you can create a tax return for your business using TurboTax business. If your business needs to have K-1s created for it this is where to do it.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
