If you were going to prepare Form 1065 yourself, you would need TurboTax Business to prepare Form 1065 for the LLC and to issue the two K-1s. Then you would report the 2 K-1s on your personal return (using Premier or higher). The income is going to go on Schedule E either way, but you just need to decide if you want to prepare the business return or pay someone else to do it.
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