TurboTax Home & Business is limited to personal Form 1040 tax returns. To prepare a Form 1065 Partnership Income tax return, you will need to use TurboTax Business. This return will include Schedule K-1 that you will use on your personal return to report the pass-through activity.
If your LLC had no activity for the entire tax year, you are not required to file a partnership tax return. However, any expense deductions you incurred during the year would be lost.
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