Need to file taxes for an LLC; which product and/or tax form should I be using?

[AndreaC1 · Accepted solution]

It will depend on what type of LLC you have. 

1. If you are needing to file your LLC tax return as a single-member LLC, you will use the Self-Employed version of the TurboTax online software or the Home & Business desktop (CD/download) version. And you'd just file Schedule C with your Form 1040 and include all LLC income and deductions there. You can find Home & Business here https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp

• Is TurboTax Self-Employed right for me?

2. But you will need TurboTax Business software to do a multi-member LLC (including two-member LLCs run by spouses) return. That version handles any returns that need to be filed for corporation (Form 1120), S corporation (Form 1120-S), partnership/multi-member LLC (Form 1065), or homeowner association (1120-H). 

You can find this version here https://turbotax.intuit.com/small-business-taxes/ And you will also need one of the personal versions (at least Premier or Self-Employed online) to input any K-1s on your personal return. TurboTax Business only handles the business return, not personal ones. 

• Is TurboTax Business right for me?

NOTE: TurboTax Business is a Windows-only software program available as a CD or download. There is no online version or Mac version for it.