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I have a single member llc, 2 mulit member llcs I'm a partner in and also have regular income to file. which product is best for me to file

 
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3 Replies
ChristinaS
Expert Alumni

I have a single member llc, 2 mulit member llcs I'm a partner in and also have regular income to file. which product is best for me to file

Turbo Tax Business AND Turbo Tax Self-Employed (or Premier).

A multi-member partnership return (1065) can only be prepared using Turbo Tax Business. No other product will support it. You will not be able to prepare your personal return/ SMLCC in Turbo Tax Business, so you will need 2 products.

https://turbotax.intuit.com/small-business-taxes/#reviews

Depending on how complex your SMLLC activity is, you may be able to prepare your personal return using Premier. Premier handles K1 forms and a basic Schedule C. You can always start your personal return using a lower version and upgrade as needed. Your data will morph into the higher version. If you start in a higher version, you can't go down.

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New Member

I have a single member llc, 2 mulit member llcs I'm a partner in and also have regular income to file. which product is best for me to file

How come premier doesn't have a spot for business name & ein for single member llc or does it matter
ChristinaS
Expert Alumni

I have a single member llc, 2 mulit member llcs I'm a partner in and also have regular income to file. which product is best for me to file

Good point. You can do that on Premier the downloaded version, but online will force you to upgrade to Self Employed even just for having expenses. So, it depends on whether you want to use online or not for your personal return. I realize you must have expenses if you have an LLC Do you have other family members to help? If so, you might want to use Premier download.
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