Own a multi member llc with wife.do i buy regular tt for personal taxes and then also buy tt business 2016 for llc?Do I need to buy 2 different softwares?

[WillK · Accepted solution]

You will need to get two different Turbo Tax products, one for the business and one for your personal return.

For the business return: https://turbotax.intuit.com/small-business-taxes/. Once you file the 1065 (multimember LLC) return a Schedule K-1 will be generate for each member, which will need to be reported on their personal return. 

For your personal return: https://turbotax.intuit.com/personal-taxes/online/. You will need Turbo Tax Premier to report the K-1 from the business on your personal return.