Yes, you may report more than one business activity for your LLC on one business tax return, as long as each business operates in the name of the LLC.
Enter the income and expenses under the appropriate section of TurboTax to report the net activity correctly on the partners' Schedules K-1.
To choose what activities you wish to report, go to your Business Info (About Your Business). Scroll down to "Type of Business" and click Edit. Continue to the screen "Select All That Apply to Your Business" and check all boxes that apply (see screenshot below - click to enlarge). This will allow you to set up more than one type of business for this company.
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