I started an LLC this year. I also have stock trades. Which TurboTax product should I buy?

[rajneshd]

Hello,

     I just started an LLC this year in the state of Washington. I also have a few stock trades in my Brokerage Account. No house or Children or Wages.

     I'm wondering whether to buy the Turbo Tax "Home and Business" or whether the will need Turbo Tax Business?

     Thanks for your advice.

Regards,

R

[Anonymous_ · Accepted solution]

You would only need TurboTax Business if the LLC is a multi-member LLC that needs to file a Form 1065.

A single-member LLC is a disregarded entity that reports in the same manner as a sole proprietorship (on Schedule C). 

[rajneshd]

Thank you, so much, for your quick response.

My question is answered.

Best wishes,

RD