@Broncobear wrote:
My wife and I have a small llc which holds title to rental property. We are 50/50 owners, if we use the Business Program for tax submission, will we be required to also submit personal taxes on the personal/business form? And does that mean filing twice?
If you are using TurboTax Business to file a Form 1065 for your LLC, then you also need a different TurboTax product (such as TurboTax Home & Business) to prepare and file your individual income tax return (Form 1040); TurboTax Business can only be used to prepare an income tax return for an entity, not an individual.
TurboTax Business, in the process of preparing a 1065 for your LLC, will also generate a K-1 for you and your wife which you will enter into your personal income tax return.
