Single Member LLC - S Corp - New York

[Tanya06]

Hi,

I am a single member LLC in New York , elected S-Corp for filing purposes. 

Can Turbo Tax be used to file taxes?

If so, which Turbo Tax?

Does it also take care of personal?

Best,

Tanya

[Anonymous_]

If you made an S corporation election for your LLC, then you need to file a Form 1120-S. 

TurboTax Business can be used to prepare a Form 1120-S but the program cannot be used to prepare a personal income tax return, such as a Form 1040. For the latter purpose you will need a TurboTax personal income tax preparation product, such as TurboTax Premier.

It should also be noted that TurboTax Business is not available as an Online product nor is there a Mac version; it must be installed and run in a Windows environment.

If this is your first year filing for your LLC with an S corporation election, you might want to seek professional guidance and/or return preparation so you get started off properly.

[ReginaM]

Yes, you can file both your business and personal returns using TurboTax.  TurboTax Business is designed to help you prepare business returns including S Corporations. 

There are several products to chose from for your personal return. This link will help you determine which product to use:  TurboTax Personal.