Carl
Level 15

Business & farm

Please do not start a new thread each time you respond. It's an absolute headache at times to find the one you're responding to/talking about. Simply click the REPLY button at the bottom of the post you are responding to and go from there.

Being that your original post was in Sept 2019, I assumed the partnership was formed in 2018 since the TurboTax software was not available for the 2019 tax year at that time. So if the partnership was formed in 2019, you have until March 15th, 2020 to get it filed with no extension, so you don't incur any late filing penalties.

So right now, you're going to be jumping between the personal 1040 joint return and your first 1065 partnership return.  But for the 1065 Partnership return you will need to purchase a physically separate program called TurboTax Business (different from Home & Business).

TurboTax Business is for completing and filing a tax return for a non-living non-breathing separately taxable/reportable entity. TurboTax Business can not be used for completing a personal 1040 tax return of any type. TurboTax business is not available as an online product or for MACs. It's for the Windows operating system only. You can purchase it at https://turbotax.intuit.com/small-business-taxes/ though you may find it cheaper at other authorized retailers of the program such as Wal-Mart or Target.

Also, understand that you can not file "any" tax return until you have completed and are satisfied with the results of "all" tax returns. For 2019 taxes your 1040 and your 1065 will basically affect and impact each other. So if there's a mistake pertaining to the subject of this thread, a mistake on one requiring you to amend it, will also require you to amend the other. 

Finally, since SC imposes a personal income tax on earned income, that means you'll be be filing a personal return for the state, as well as a partnership return with the state. I am *NOT* at all familiar with state taxes and will not pretend that I can be helpful on that front. Fact is, I can't. SO this is yet another reason you don't want to file anything with any taxing authority until "YOU" are the one satisfied with the results.