topic Re: Which product do I need? in Get your taxes done using TurboTax

Which product do I need?

JimBobJu — Fri, 03 Jan 2020 05:20:52 GMT

I want to file my personal taxes, fed and local state

I also need to file for a LLC business that has 2 people, and to issue a k-1 (for my personal)

will the turbobax business allow me to do the LLC business AND my personal?

or I have to buy business, and also personal?

thanks

Re: Which product do I need?

ee-ea — Fri, 03 Jan 2020 05:57:11 GMT

You have to buy BUSINESS for thee partnership, and software to do the 1040.

Re: Which product do I need?

JulieC14 — Fri, 03 Jan 2020 15:24:16 GMT

You will need to use separate TurboTax softwares to create your personal 1040 tax return and the tax return for the multi-member LLC.

For your personal return, you can use either the TurboTax Online or CD/Download versions. See more information on the 1040 products here: TurboTax Online Products, TurboTax CD/Download Products

For the multi-member LLC, you will need to use TurboTax Business to complete that return. This software will generate the business return, as well as the K-1 for you to use on your personal return. Click this link for more information: TurboTax Business