turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Version of Turbo Tax

I have a full time job with a W2 my wife doesn't work and we file jointly

I also have LLC that is co-owned with my wife that produces profit with 1099s. We have no employees but do have write offs. 

 

Which version of Turbo Tax do I need to complete these two things.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Version of Turbo Tax

Unless you and your wife hold your interests in the LLC as community property in a community property state (in which case you can opt to treat the LLC as a disregarded entity), you will have to file a Form 1065 for the LLC.

 

TurboTax Business is the only TurboTax product that is capable of preparing a 1065 for an LLC. TurboTax Business is not capable of preparing a personal income tax return (e.g., Form 1040) so you will also need a personal income tax preparation product (such as TurboTax Premier). Further, TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.

 

See https://turbotax.intuit.com/small-business-taxes/

View solution in original post

1 Reply

Version of Turbo Tax

Unless you and your wife hold your interests in the LLC as community property in a community property state (in which case you can opt to treat the LLC as a disregarded entity), you will have to file a Form 1065 for the LLC.

 

TurboTax Business is the only TurboTax product that is capable of preparing a 1065 for an LLC. TurboTax Business is not capable of preparing a personal income tax return (e.g., Form 1040) so you will also need a personal income tax preparation product (such as TurboTax Premier). Further, TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.

 

See https://turbotax.intuit.com/small-business-taxes/

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies