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New Member
posted Jan 30, 2023 1:26:16 PM

Which product(s) do I need?

Married couple owning an LLC in Oregon.  Do we need the Business software for multiple member LLC or, since it is a community property state and we file jointly, do we use home and business?  Self employed?  Customer service didn't help.

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1 Replies
Expert Alumni
Jan 30, 2023 2:37:27 PM

Oregon is not a community property state.

 

And your husband-wife LLC is not a disregarded entity. 

 

You have to prepare a LLC return (form 1065). You cannot use TurboTax online to prepare form 1065, but have to use TurboTax Business which is only available as a CD/Download on a Windows computer (not compatible with Mac).

 

TurboTax Business will prepare a Schedule K-1 for each spouse which you will enter in your personal return.

 

You can purchase TurboTax Business from this page.