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Level 1
January 3, 2021
Solved

Which turbo tax product should I purchase for our LLC? Home and Business or just Business? My fiance and I own one rental property.

  • January 3, 2021
  • 1 reply
  • 17 views
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Best answer by Anonymous_

If you have a multi-member LLC (as it appears) without an election to be treated as a corporation for federal income tax purposes and are not officially married and reside in a community property state, then you are required to file Form 1065.

 

Form 1065 is only available in TurboTax Business (link below) and the program must be installed and run in a Windows environment (there is no Mac or online version).

 

https://turbotax.intuit.com/small-business-taxes/

1 reply

Level 15
January 3, 2021

If you have a multi-member LLC (as it appears) without an election to be treated as a corporation for federal income tax purposes and are not officially married and reside in a community property state, then you are required to file Form 1065.

 

Form 1065 is only available in TurboTax Business (link below) and the program must be installed and run in a Windows environment (there is no Mac or online version).

 

https://turbotax.intuit.com/small-business-taxes/