Which Turbotax product is best for an LLC formed between to unmarried people co-owning a condo

[joejab50]

I co-own a condo in Ohio with another person,  we are not married.   If we Title the condo to an LLC will we need to file a return each year?   The LLC will not be generating income, there is no business associated with it.

If we do need to file a return, which Turbotax product can be used to file an LLC?  Do both of us need to file separate returns, or just e return?

[tagteam]

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@joejab50 wrote:

If we do need to file a return, which Turbotax product can be used to file an LLC? 

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If the LLC is a multi-member LLC and you're not married to the other member, you would have to file a Form 1065, with associated K-1s for the LLC.

TurboTax Business would be the product that supports Form 1065. Note that TurboTax Business must be installed and run in a Windows environment and does not support individual income tax returns such as Form 1040 (for which you would need a different TurboTax product).

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