AlanT222
Expert Alumni

Investors & landlords

Because this was a multi-member LLC, you must file a Form 1065 using TurboTax Business.  

Use TurboTax Business (Windows only) if you need to file a return for a corporation (Form 1120), S corporation (Form 1120-S), partnership or multi-member LLC (Form 1065), estate/trust income (Form 1041), or homeowner association (1120-H).

TurboTax Business doesn't cover personal (1040) returns, either with or without Schedule C.  Once the LLC properly reports the 1099-S, you will receive a K-1 for your share of the profits and losses.  

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