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Business & farm
You need TurboTax Business to file Form 1065. When you prepare Form 1065, K-1s will be generated for each partner and those partners will use those K-1s to report on their personal returns. You need TurboTax Premier or higher (personal tax product) for returns containing a K-1.
Only single member LLCs that use Schedule C can be prepared using Home & Business or TurboTax Self-Employed. @intercom28
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‎April 19, 2021
12:43 PM