turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

I've already done 1065 with Turbotax Business. If I need to do Utah return can I use Turbotax Business for that also?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Cindy0H
New Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Yes, it looks like you do need to file a TC65. The Utah Form TC65 is supported by TurboTax Business.

A partnership or other entity treated as a partnership for federal tax purposes with any partners or members who are not Utah resident individuals or that is itself a pass-through entity taxpayer is required to file a TC-65.

TC65 Instructions:

https://tax.utah.gov/forms/current/tc-65inst.pdf

View solution in original post

10 Replies
Cindy0H
New Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Yes, it looks like you do need to file a TC65. The Utah Form TC65 is supported by TurboTax Business.

A partnership or other entity treated as a partnership for federal tax purposes with any partners or members who are not Utah resident individuals or that is itself a pass-through entity taxpayer is required to file a TC-65.

TC65 Instructions:

https://tax.utah.gov/forms/current/tc-65inst.pdf

cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Thank you for the timely response.  I never got an answer to my other question, so, I was hoping I'd get an answer to this one.  Thanks again.
cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

I think I have presented this question before but never received an answer.  My single member LLC purchased a property to flip 2/14/18. On 3/13/18 the agent/owner who sold me the property became a partner in the LLC.  The house was flipped 3/4/2019.  Due to differences of opinion as to documentation needed to pay 'requested' expenses and claim expenses on tax returns, he will be getting out of the LLC.  A final return is to be done within three months of his exit, so, will I use 2018 turbotax business or will 2019 be out by July/August 2018? Or maybe I should just get a CPA, since he received the full commission when I purchased the property and half of the commission when it was sold; so, he would not be eligible to expense the first commission and only eligible for half on the sale, whereas I should be able to expense both. Correct?  I'm sorry it's so complicated.
Cindy0H
New Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Complicated taxes often call for a tax professional.
cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Is there a number for business software tax professional? when I click on picture at the side, it takes me to a page to do freefile.
Cindy0H
New Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

I am checking on this.
Cindy0H
New Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

TurboTax does not offer that service for the TurboTax Business program. I would look locally for a CPA or Enrolled Agent.
cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

Ok, I assume (yes, I know what that does) you mean you don't answer the question that I asked; because the literature for your turbotax business says, "File with confidence. Get personalized guidance and support on S Corp, partnership, C Corp, and multi-member LLC or trust tax forms."  It also, states "Get one-on-one answers to your questions from our Customer Support Agents Via phone, for free."  In the brochure that comes in the software package it states, "Get answers your way, by phone or on line."  Also, "Free U.S. based product help by phone and easy-to-understand answers online 24/7" One more thing, on Sam's website and the display in their store, it says for PC and MAC; however, after purchasing it and trying to download on my Mac I discovered that was not true.  Fortunately, I have an old HP laptop that I am using. Very misleading and frustrating.  Does the $59.99 for audit support include the Business version? It comes up at the end of my return.
cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

The response you gave me is not what the advertisement with Turbotax Business says.  Who do I call or write about this false advertising?

cdrisom
Returning Member

Do I need to file a TC 65 with Utah? I have a 2 member LLC organized in Utah. I live in Tennessee and the other member lives in Florida. Only have losses this year.

LOL.  That's not an answer to the question.  Just say you don't know and I'll have to consult a CPA or Tax attorney instead of using your software.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies