JamesG1
Expert Alumni

Business & farm

If you have a multi-member LLC, you would be reporting business income and expense as a partnership, C corporation or S Corporation.  TurboTax Business will prepare any of those tax returns and can be found here.

 

The output from these tax returns would be reported on your individual IRS 1040 tax return for which I would recommend TurboTax Self-Employed.  See here.

 

However, a single member LLC may report its business income reported IRS form 1040 Schedule C.  TurboTax Home & Business is a CD/Download product and can be found here.

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