Thanks for the response! This is a multi-member LLC with 4 people sharing ownership. My wife and I plus my sister-in-law and her husband. Based on your response below it's my understanding this would default to a partnership.
My thinking was I would need to file a Schedule K and Form 1065 through TurboTax Business so that I could then create K-1's for all 4 of us to file through our personal tax filings.
Please let me know if my approach is incorrect and the appropriate next steps.
Thanks!
