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After you file
You are going to need TurboTax Business for your partnership. That program will generate K-1 for each partner to file with their personal returns. And the K-1s as well as your wife and daughter's sole proprietorships can be filed using TurboTax Home & Business. The Home & Business desktop version will allow you to e-file multiple returns.
TurboTax Business (only files business returns) will file your 1065 partnership return and Home & Business (only files personal returns) will file all of the personal returns for your family.
Sole Proprietorships do not need to file a separate business return like partnerships do, they file Schedule Cs through the personal tax return. @californianewllc
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‎April 12, 2021
5:03 PM