Hello,
For several years, I was previously a co-owner in a two person LLC, and my partner was the person who filed the business taxes. He'd been purchasing Turbo Tax Business each year and would supply me with the K-1 form I'd file with my individual taxes each year. However, in 2022, I purchased his share of the business and started my own LLC within my state, so I'll now be responsible for filing the same business taxes he previously handled. There's no one to replace him, as it'll just be me moving forward.
Since this is the first time I've gone through this, I want to make sure I purchase the correct product (or products) for filing both my business and individual taxes. In the past, I've been able to get away with using the retail version of Turbo Tax Deluxe and entered the K-1 information he supplied me with. Will I need to purchase Turbo Tax Deluxe AND Turbo Tax Business moving forward, or is there any single product that allows me to file taxes for both my LLC and my spouse and me? If you need any additional information about the LLC that'd impact which product I need, just let me know. Thanks in advance for your help.
