topic I need to know how to file my LLC partnership and which turbo tax product to use? in Business & farm

I need to know how to file my LLC partnership and which turbo tax product to use?

avoidants — Tue, 10 Mar 2026 07:08:57 GMT

Re: I need to know how to file my LLC partnership and which turbo tax product to use?

Critter-3 — Sun, 06 Nov 2022 19:54:29 GMT

For your multi-member LLC, you will need to use TT Business. This is only available for as a download and only for windows environments. https://turbotax.intuit.com/small-business-taxes/
Once you have completed the business return (form 1065) you will use the K-1's to complete your personal tax return (form 1040). Check out the intuit home page to determine which product best suits your needs. There are numerous options for both download and online
Multi-member LLC tax returns can be complicated, especially the initial year. I would recommend that you consult with a tax professional at least for your initial year to get started on the right path and help you understand the nuances of partnership tax.

Re: I need to know how to file my LLC partnership and which turbo tax product to use?

avoidants — Sun, 06 Nov 2022 20:07:34 GMT

Thanks. A couple follow up questions. Will the business version be available for Mac? And correct me if I am wrong, but it sounds like I would need both the business and personal version? Not home and business, right? Just the personal?

Re: I need to know how to file my LLC partnership and which turbo tax product to use?

rjs — Sun, 06 Nov 2022 20:30:29 GMT

@avoidants wrote:

Thanks. A couple follow up questions. Will the business version be available for Mac?

TurboTax Business is not available for Mac and will not be available for Mac. It is only available for Windows.

@avoidants wrote:

And correct me if I am wrong, but it sounds like I would need both the business and personal version? Not home and business, right? Just the personal?

Yes, you need both TurboTax Business and a personal version. TurboTax Home & Business is a personal version. But you can use any personal version. It does not have to be Home & Business. TurboTax Business is the only version of TurboTax that is not a personal version.

Re: I need to know how to file my LLC partnership and which turbo tax product to use?

avoidants — Wed, 09 Nov 2022 16:55:32 GMT

Since its the first year for the business, I am going to take your advice, or whoever posted that, and hire a professional to do at least the business part of the taxes. I might let them do the personal part as well.

Phillip