I have a multi member LLC and am not sure how to add that with my personal tax return or what I need to do?

brenkay_08 — Tue, 04 Jun 2019 22:29:34 GMT

For a multi-member LLC (other than husband & wife in a co...

ThomasM — Tue, 04 Jun 2019 22:29:37 GMT

For a multi-member LLC (other than husband & wife in a community property state), you'll need to file a partnership return, Form 1065 (unless you elected to be taxed as a corporation). You'll do that in TurboTax Business software. See the link here: https://turbotax.intuit.com/small-business-taxes/?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-Business_... TurboTax Business is available as a CD/Download only, and is Windows based.

Once you've completed the partnership return, you'll need to prepare your personal return using (at least) TurboTax Premier online, since you'll have a Schedule K-1 from the partnership.

So yours is a two-step process: first the partnership return, then your personal return.

topic I have a multi member LLC and am not sure how to add that with my personal tax return or what I need to do? in State tax filing

I have a multi member LLC and am not sure how to add that with my personal tax return or what I need to do?

For a multi-member LLC (other than husband & wife in a co...