CCCBuilder
Returning Member

New LLC Partnership filing a 1065

Hey all, I am wanting to know if there is a fairly simple way to file LLC Partnership taxes? I formed an LLC with one partner in 2019. This will be our first year filing to get the 1065 Schedule-K? I think.  Our business is in building, and the 2019 year will report as a loss just due to startup costs and buying tools with our one job not being completed quite yet.

 

I was told that if we have any expenses like tools that filling out the 1065 is extremely difficult, this was by a local CPA though and I don't know if they are trying to get my business or if it's truly above my head?  I've always filed my own taxes, and was thinking TurboTax had a feature for this but again the CPA said not to use TurboTax for some reason or another.  Just trying to get both sides of the story here.