Because you have an LLC partnership, even though you only own 5% of the partnership, you will actually need to use TurboTax Business to file the LLC return. This will then generate a K-1 for each of you that will then be entered on to each of your individual returns. To enter the K-1's, home and business will cover you. And you can e-file up to 5 returns with one purchase which means it will cover both you and your daughter.
The LLC filing will need to be done before you can file your personal returns.
Your consulting business will go in TurboTax Home and Business, as an independent contractor, along with your W-2 wages (and the K-1 from the LLC) same with your daughter. Her wages from work and the K-1 will go onto her personal return as well.
No, having the LLC does not affect her wages, all the income will be reported on one tax return.
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