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I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

 
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AliciaP1
Expert Alumni

I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

No, you can file multiple Form 1065 returns within 1 copy of TurboTax Business.  Each company would have its own file to access within the software with its own information saved there.

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4 Replies
AliciaP1
Expert Alumni

I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

You can, but you will have to use 2 different versions.  You will file a Form 1065 for your Partnership and can do that using TurboTax Business which is only available in CD/download.  Your property LLC can be filed on your personal tax returns (Form 1040) if it is a single-member LLC and files as a disregarded entity.  This can be done, along with all your personal tax information, on either TurboTax Online Self-Employed or TurboTax Home and Business (CD/download).

 

Please see TurboTax Business and Turbotax.com for more information on your options.

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I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

Thank you Alicia,

 

The LLC is a multi-member company. Would I then need 2 copies of TT business disks, and one online for my personal?

 

Dan

 

AliciaP1
Expert Alumni

I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

No, you can file multiple Form 1065 returns within 1 copy of TurboTax Business.  Each company would have its own file to access within the software with its own information saved there.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have one business, one income property llc, and my personal taxes. Can I use TT for all three?

Thanks, your responses were very helpful.

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