I started an LLC in 2017. My adult daughter (HOH) is my partner. I'm filing MFJ with my wife. Will TurboTax handle this? How to proceed?

mcox-ipro · ‎June 4, 2019

MinhT · ‎June 4, 2019

You have to file a partnership tax return for your LLC (form 1065). In the partnership return, there will be a form 1065 K-1 for each partner.

Each partner would then report his/her form K-1 on their own tax returns.

To prepare and file form 1065 for your LLC, you'll need TurboTax Business (CD/Download)

For your (and your daughter's) personal tax returns, you'll need at least TurboTax Premier Online or CD/Download.

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MinhT · ‎June 4, 2019

You have to file a partnership tax return for your LLC (form 1065). In the partnership return, there will be a form 1065 K-1 for each partner.

Each partner would then report his/her form K-1 on their own tax returns.

To prepare and file form 1065 for your LLC, you'll need TurboTax Business (CD/Download)

For your (and your daughter's) personal tax returns, you'll need at least TurboTax Premier Online or CD/Download.

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

Do you have an Intuit account?