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January 23, 2020
Question

Hi, I created an LLC last year, 2 owners, myself and my business partner. Can I file my personal and business taxes in turbotax? any idea of how much it would cost ?

  • January 23, 2020
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January 23, 2020

Yes, you can file your returns using Turbo Tax products, but if you were operating an LLC during 2019, you will have to file a partnership return (Form 1065) for the LLC. Turbo Tax has a product for that. Click here to purchase.

 

The base price for Turbo Tax Business is $169.99, but you may get a discount depending on where you buy it. If you need a state return as well, there is an extra charge for that, in most cases it is $49.99 for the state. E-file is no extra charge.

 

You need to file the Form 1065 first. It will include a Form K-1 for each of the partners. You report your Form K-1 with your personal income tax return, which you can do in Turbo Tax Online. 

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