For the LLC, if you are the only member then you have a single member LLC, which is considered a disregarded entity by the IRS for tax purposes.  What that means is that you file the LLC on your personal tax return as if you are self-employed - in regards to the LLC.    You will need to upgrade to TurboTax Self-Employed if you use Online version.

If you have a multi-member LLC, then you would have to complete a partnership return Form 1065.  

I have the TurboTax Home and Business online version.  I have a two member LLC that does not profit more than $500-800.  Can I import the Form 1065 into the Home and Business version?

---

@Jack K wrote:

Can I import the Form 1065 into the Home and Business version?

---

No. You need to prepare Form 1065 with a product such as TurboTax Business (link below).

In the process of preparing Form 1065, K-1s will be generated and you will enter the information from your K-1 into your individual income tax return.

https://turbotax.intuit.com/small-business-taxes/

Thanks!  Can I pay an upgrade fee, or will I have to pay the full $169

Sorry you have to buy and install the Business program separately from your personal tax return.  

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's (Win 7 or newer) version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
https://turbotax.intuit.com/small-business-taxes

---

@Jack K wrote:

Thanks!  Can I pay an upgrade fee, or will I have to pay the full $169

---

It is a bit less expensive at Amazon, currently.

https://www.amazon.com/TurboTax-Business-2019-Software-Download/dp/B07YH3HBL6/ref=sr_1_1?dchild=1&ke...

Unless your partner is your spouse, then you could do 2 schedule C's for a qualified joint venture.What TurboTax do I need for a Qualified Joint Venture? Qualified Joint Venture With Husband - Dividing Income & Expenses

If you purchase the business software, that is not an upgrade as it is a completely different case. You can then use your current software to enter the K-1 forms that are generated from the business.

@Jack K

The QJV option is not available for state law entities, such as LLCs , but @Jack K could report on Schedule C if the partner is a spouse and they reside in a community property state.

See https://www.irs.gov/pub/irs-drop/rp-02-69.pdf