TVMS
New Member

Business & farm

Last year I used a CPA for a multi-partner LLC for our first year returns. Very expensive and I don't think the returns are very  complicated. I've used Turbo Tax for my personal returns for many years with no issue. I'd like to use Turbo Tax Business for 2019. A few questions: Can you enter the prior year data from the 1065s in to capture any carryover issues? Also, our K-1s always come out late, If you file a request for extension on form 7004 for the partnership return (there are 2 members in our partnership), do you have to file an extension separately for each personal return 1040? If you do, is that were you would pay your estimated taxes since the 1065 is informational for the IRS. Thanks