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No. The self-employed version only handles your personal income tax return.
If you and your husband set up the LLC, with the IRS as a partnership (you and he are partners), you need to prepare two Federal income tax returns (and state income tax returns, if your state has an income tax), using two different TurboTax products.
You'll start by preparing Form 1065, U.S. Return of Partnership Income, using TurboTax Business. Generally, a domestic partnership must file Form 1065 by the 15th day of the 3rd month following the date its tax year ended as shown at the top of Form 1065.
The personal TurboTax products that support K-1's are:
Tip: If you're in business for yourself and haven't incorporated or created an LLC, use TurboTax Self-Employed instead.
Related
information:
No. The self-employed version only handles your personal income tax return.
If you and your husband set up the LLC, with the IRS as a partnership (you and he are partners), you need to prepare two Federal income tax returns (and state income tax returns, if your state has an income tax), using two different TurboTax products.
You'll start by preparing Form 1065, U.S. Return of Partnership Income, using TurboTax Business. Generally, a domestic partnership must file Form 1065 by the 15th day of the 3rd month following the date its tax year ended as shown at the top of Form 1065.
The personal TurboTax products that support K-1's are:
Tip: If you're in business for yourself and haven't incorporated or created an LLC, use TurboTax Self-Employed instead.
Related
information:
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