creifel
New Member

Turbo Tax for Rental Property LLC and Home Taxes

I have used Turbo Tax Premier every year for my taxes which include rental properties.  This past year, I moved my rental properties into an LLC with my spouse, now considered a Partnership LLC for Tax Purposes.  What is the best way to use Turbo Tax products to do my taxes this year?  All of my previous years rental data resides in my prior years Turbo Tax Premier files.  If I need to use TT Business, need to know where I will enter all my rental property data such as income and expenses?  If in TT Business, how to do I get my prior years data such as depreciation imported into TT Business if needed?  Last question, if I use TT business, do I also have to use TT Premier for my personal return and if so, how do I get the TT business outputs such as the K-1s into my TT Premier.  Thanks for your help on this.  Looking for the most seamless and economical way to do my taxes this year.  Would prefer not to buy two separate TT products if I can avoid it.