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woody2777
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We started a LLC last year. how do we combine both our personal and business taxes using what program(s)?

 
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2 Replies

We started a LLC last year. how do we combine both our personal and business taxes using what program(s)?

If you have a partnership LLC you will need to use TurboTax Business to file your partnership 1065. This will generate a k-1 for each of you.   The K-1 is entered on your personal return by:

  1. Click on Federal Taxes
  2. Income & Expenses
  3. Scroll down to Business Investment and Estate/Trust Income and click Show More
  4. Click Start next to Schedule K-1

If on the other hand, your business is a sole proprietorship or a Single Member LLC (not required to file 1065) you will then just need to use TurboTax Self-Employed which will take you through the steps to fill out a Schedule C.  If this is the case, you will not have a K-1.  

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Quickish
New Member

We started a LLC last year. how do we combine both our personal and business taxes using what program(s)?

How do you utilize Quick books for the LLC  Tax information, which has its own email and login information, when filing as a sole proprietorship under my existing email login that I've used for a decade?  

 

My LLC is a Side business, while my main income is from a W-2 job ive had for 13 years and used turbo tax for.   

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