Business & farm

If you and your wife hold your interests in the LLC as community property in a community property state, then you can treat the LLC as a disregarded entity and each of you can file a Schedule C (Form 1040) according to your interests in the LLC. If that is the case, you can use TurboTax Self-Employed through the TurboTax web site (i.e., you can prepare your return online).

 

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

 

Otherwise, the LLC will have to file a Form 1065 and the TurboTax product that is capable of preparing a 1065 is TurboTax Business (link below). TurboTax Business cannot be used to prepare your individual income tax return so you will need a personal income tax preparation product. Further, TurboTax Business is not available as an online product; it must be installed and run in a Windows environment (there is no Mac version).

 

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

 

Note that if you have absolutely no accounting or income tax preparation experience with respect to entities, you might want to seek professional guidance.

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