Thank you for your reply. To express it in terms of IRS forms, is the following correct?
Right now:
"You must file a return even if there was no income" --> Form 1065 only
For next year:
The LLC files again form 1065, as well as form 8825 and gives a Schedule K-1 to each member (me and my wife).
Then we use this Schedule K-1 to file our Schedule E.
Is that accurate?
For this year, which TurboTax product do I need to use to access the 1065 form?
Thank you,
Kanabar
