My tax accountant doesn't know this!
Fire your tax accountant yesterday, if not sooner. If they don't know something as *BASIC* as this, they more than likely cheated on tests in college where they were "supposed" to be taught this stuff. It's like learning your alphabet long before you can even "think" about learning to read.
So will TT Home & Business 2019 for Mac handle multi-member LLC?
No flavor of the personal version of TurboTax can be used for a multi-member LLC. A multimember LLC is required to file an IRS Form 1065 Partnership Return. Only TurboTax Business (different from Home & Business) can be used for that. TT Business will NOT work on a MAC. Period.
But if you live in a community property state and you and your spouse are the only owners/partners in the business and you and your spouse will be filing a joint return, then you can split all business income and all business expenses (including asset depreciation) 50/50 between the two of you. Then each of your 50% shares gets reported an separate SCH C's as a part of your personal 1040 tax return. That means you will have two SCH C's with your 1040. One for your 50% and one for your spouse's 50%.
So if your business is named something like "His & Her Diner" then on one SCH C you'll call it "His & Her Diner (A)" and on the other call it "His & Her Diner (B)" and you'll be fine. This is because you can not have two SCH C's with the "Exact" same business name. It's not that the TT software can't handle it; its that the IRS computers can't handle it.
