Curious if anyone can give guidance on which TurboTax product would have the necessary fields and forms to file taxes for this kind of situation:
- Married filing jointly
- In a community property state (CA)
- My spouse and I are the sole 2 members of an LLC with 50/50 ownership/responsibility
- We also both have W2 income and other deductions like charitable giving
Because of the above, it's my understanding that our LLC is considered a disregarded entity and treated like a Single-member LLC (SMLLC). It's our first year filing taxes for the LLC so I'm not sure which TurboTax product could work for this kind of situation — which product would allow us to elect to treat our LLC as a SMLLC as a married couple? Is there a product that can handle the LLC expenses plus our W2 income?
Thanks for the help!
