Is there a form for LLCs. I used the rental property form. It didn't do a corp and personal return. Why?

[JulieCo · Accepted solution]

It depends.  Using the TurboTax online products will only produce an individual tax return (Form 1040) with Schedule E attached for the rental property.  If your LLC is a single member LLC, this is the correct way to file the taxes for your rental business as the IRS views single member LLC's as disengaged entities.  Thus, the IRS has single member LLC's include the business activity on the personal income tax return (using Schedule C, E or F). 

If your LLC is a multi-member LLC, then a separate tax return (Form 1065) is required.  A 1065 form can only be prepared with TurboTax Business software.  In that situation, a K-1 form would also be generated with the 1065 form to be used to record the business income on the personal income tax return. 

For more information, see this TurboTax article: Rental Property Tax Information