JulieCo
New Member

Business & farm

It depends.  If you do not live in a community property state, then the LLC with you and your spouse as members will have to file a separate tax return for your LLC business.  This will be a 1065 form and it will require TurboTax Business software to create the form. The tax form would need to be created for the period starting when the LLC was created to the end of the year.  (If you live in a community property state, the spouse members LLC is considered a disengaged entity and can be filed like a single member LLC which does not require the 1065 form and can file on your personal return utilizing TurboTax Self Employed -- just like your sole proprietor business.)

But, if you do need to create the 1065 form, you will also need to create a personal tax return, in addition to the LLC business tax form.  For 2017, you will need to include your sole proprietor business income and activity from the beginning of the year until your LLC was formed on your personal tax return.  This can be done in TurboTax Self Employed.  If a 1065 form is required to be filed for your business as noted above,  a K-1 form will also be generated that each of you will then use to complete your personal tax return.  

TurboTax Business (CD or download)