Can I do my personal taxes and also general partnership taxes with one Turbotax software package?
The partnership is a small ranch in New Mexico that is leased out for grazing cattle and selling elk permits to outfitters.
02317
1 Best answer
rjs
Level 15
Nov 1, 2023 5:53:15 PM
To clarify, you have to use TurboTax Business to do the Form 1065 tax return for the partnership, and one of the personal editions of TurboTax to do your Form 1040 personal tax return. There is no single TurboTax package that will do both.
2 Replies
VolvoGirl
Level 15
Nov 1, 2023 5:30:12 PM
No. You need Turbo Tax Business.Itis a separate program from Home & Business.It is not available to do online or on a Mac.You can buy the Window's version here…..
And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
rjs
Level 15
Nov 1, 2023 5:53:15 PM
To clarify, you have to use TurboTax Business to do the Form 1065 tax return for the partnership, and one of the personal editions of TurboTax to do your Form 1040 personal tax return. There is no single TurboTax package that will do both.