Irene2805
Expert Alumni

Deductions & credits

Since you are a 2-member LLC, you should file a Partnership return (1065)  (unless you're organized as an S-Corp.).  To prepare a 1065 you will need TurboTax Business.  You can visit the following link to purchase the program: TurboTax Business.  

 

TurboTax will take you through an interview to prepare the business return, similar to the personal (1040) products.

As part of preparing the 1065 return, TurboTax will prepare K-1 forms for each partner.  You will need to enter the information from the K-1 into your personal 1040 return.