I inherited 50% of a building in Mississippi and have income reportable from that entity.

I want to do the tax return for that building in Mississippi. It is owned by a LLC. I own 50% of the LLC and must get a k-1 to put that info into my personal tax return. How do I initiate the tax return for the LLC in turbo tax?

424

New Member

Jun 6, 2019 2:36:34 AM

You have to file multi-member LLC tax returns in Turbo Tax Business, which is a separate product. It will generate K-1s for all members.

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I inherited 50% of a building in Mississippi and have income reportable from that entity.