No, an LLC that is taxed
as a partnership is subject to the same federal income tax return filing
requirements as any other partnership. The LLC must file an informational
partnership tax return on tax form 1065 unless it did not receive any income
during the year AND did not have any expenses that it will claim as deductions
or credits.
Thus, an LLC with no
business activity that is taxed as a partnership is not required to file a
partnership tax return unless there are expenses or credits that the LLC wants
to claim.
You would be taxed as a partnership if there are multiple members of the LLC. If this is the case you would file Form 1065. You would need TurboTax Business to file Form 1065, not the Home & Business version of TurboTax Desktop. If you are the only member (i.e. a Single Member LLC) then the IRS considers you a "Disregarded Entity" and you file as self-employed using Schedule C as part of your personal return.