Which product do I need?

Forum|Forum|6 years ago
January 3, 2020
2 replies
5 views

I want to file my personal taxes, fed and local state

I also need to file for a LLC business that has 2 people, and to issue a k-1 (for my personal)

will the turbobax business allow me to do the LLC business AND my personal?

or I have to buy business, and also personal?

thanks

TurboTax

Best answer by JulieC14

Expert Reviewed

You will need to use separate TurboTax softwares to create your personal 1040 tax return and the tax return for the multi-member LLC.

For your personal return, you can use either the TurboTax Online or CD/Download versions. See more information on the 1040 products here: TurboTax Online Products, TurboTax CD/Download Products

For the multi-member LLC, you will need to use TurboTax Business to complete that return. This software will generate the business return, as well as the K-1 for you to use on your personal return. Click this link for more information: TurboTax Business

ee-ea

Alumni - Champ

You have to buy BUSINESS for thee partnership, and software to do the 1040.

JulieC14Answer

Level 7

Expert Reviewed

You will need to use separate TurboTax softwares to create your personal 1040 tax return and the tax return for the multi-member LLC.

For your personal return, you can use either the TurboTax Online or CD/Download versions. See more information on the 1040 products here: TurboTax Online Products, TurboTax CD/Download Products

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"