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My wife and I formed an LLC last year, but never did anything with it. Which TurboTax product do I need to complete my taxes?

 
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3 Replies
PaulaM
Expert Alumni

My wife and I formed an LLC last year, but never did anything with it. Which TurboTax product do I need to complete my taxes?

It depends on the state you are in. For community property states a husband and wife only member LLC can file as a single member LLC.  For other states, you file a partnership return and need TurboTax Business software to do so. 

TurboTax Business

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My wife and I formed an LLC last year, but never did anything with it. Which TurboTax product do I need to complete my taxes?

Thank you for your response. Is the Business product the same one available on Amazon? Also, does it cover our normal taxes, or will we need an additional product?

PatriciaV
Expert Alumni

My wife and I formed an LLC last year, but never did anything with it. Which TurboTax product do I need to complete my taxes?

TurboTax Business is used exclusively for business returns (partnerships, corporations, estates and trusts). This product does not include the forms for an individual tax return. You will need any TurboTax for Desktop product or TurboTax Premium Online to prepare your personal return.

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