Vanessa A
Expert Alumni

Business & farm

Where are you seeing this?

 

If you have a Single Member LLC, the income and expenses are entered on Schedule C.  Schedule C will not allow it to be a partnership. That is for sole proprietorship. 

 

If you have a partnership, you would need to use TurboTax BUSINESS NOT Home and Business, which would report the income on a 1065 then give you a K-1 to enter on your personal return.  If you have a Single Member LLC, that did not elect to be treated as an S-Corp, you should not be using TurboTax Business. 

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