1397646
I am trying to enter a 1065LLC information and it keeps coming out as a Schedule C, what am I doing wrong with the above software?
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If you are a sole owner/partner of an LLC then it will route you to Schedule-C and you have to file it as such but if you have a partner(s), then you need 'Turbo Tax Business' program to file 1065.
Do you need to prepare the 1065 return? You need Turbo Tax Business. Turbo Tax Business is a separate program from Home & Business. It is not available to do online or on a Mac.
You can buy the Window's version here…..
https://turbotax.intuit.com/small-business-taxes
Or do you need to enter the K-1 you got from the 1065 LLC return?
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
Enter each k-1 separately.
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