Yes, the rules are the same as if you had been in business for several years. You need to a file partnership Form 1065 which will include a schedule K-1 for each partner. TurboTax Business will allow you to file the partnership return, but you will need a separate individual TurboTax product to file your personal returns. You can prepare your personal returns online with TurboTax and the initial questions you answer will determine which version of TurboTax is appropriate for you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
