PatriciaV
Employee Tax Expert

Investors & landlords

Unfortunately, you will need to purchase both TurboTax Business and TurboTax Premier in order to file Form 1065 for your partnership LLC and Form 1040 for your personal tax return.

Since the two products are totally separate, you won't be able to transfer prior year information directly into TurboTax Business from TurboTax Premier 2016. The information will need to be entered from your prior year tax return and accounting records. This includes all your rental assets for depreciation (look for the Depreciation and Amortization Report in your tax worksheets).

You will be able to transfer your 2016 personal tax return into TurboTax Premier 2017. Once you have finished the 2017 business return, you will enter the information from Schedules K-1 (you should have two) into TurboTax Premier.

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