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Which turbo tax do I need, if I own 2 rental units and formed an LLC for each unit?
I have two rental units (condos). I formed an LLC this year for liability to separate my personal assets in case of a potential legal action. Condo 1 is under LLC1. Later in the year in the year I then became 50/50 partners with another person and we acquired another rental unit. I formed a parnership (LLC2) and put this condo 2 in a separate LLC name (LLC2). Last year I used Turbo tax premier and it handled the rental property as part of my personal return. This year I have 2 rental units with 2 LLC names. 1). Do I need file 2 or 3 returns? I noticed at costco there was a Turbo tax business. 2) . Is that what Need ? I did not see the business turbo tax on line. 3) Which turbo tax do I need?
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‎June 4, 2019
1:31 PM