☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Sep 19, 2020 11:45:49 AM

Which TurboTax should I use for personal taxes? We file a 1065 for our (2-member) LLC but need to compute self-employment tax.

Which TurboTax should I use for personal taxes? We file a 1065 for our (2-member) LLC but need to compute self-employment tax.

 

To be clear, we will not be entering self-employment business information in the personal tax software, just the K-1 information.  But we do need self-employment tax to be computed.

0 1 117
1 Replies
Level 15
Sep 19, 2020 11:51:05 AM

You can use any of the TurboTax desktop CD/Download editions for your personal tax return as they all include the same forms and schedules for your return.  To include entering a Schedule K-1 and calculation of self-employment taxes on a Schedule SE - https://turbotax.intuit.com/personal-taxes/cd-download/

 

If, for some reason, you want to use the TurboTax online editions then you would need the Premier or Self-Employed edition since only those online editions support entry of a Schedule K-1 - https://turbotax.intuit.com/personal-taxes/online/