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October 15, 2022
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How do you record business expenses in TurboTax Self-Employed for a partnership? Can't use Schedule C (sole proprietor) and it's not on K-1's.

  • October 15, 2022
  • 2 replies
  • 0 views
This is a multi-member LLC taxed as a partnership.
Best answer by Anonymous_

Are these unreimbursed partnership expenses?

 

If so, check the box (see screenshot below) that appears after you enter the information from your K-1.

 

Untitled.png

2 replies

Employee
October 15, 2022

Are these unreimbursed partnership expenses?

 

If so, check the box (see screenshot below) that appears after you enter the information from your K-1.

 

Untitled.png

Employee
October 15, 2022

You cannot use Self-Employed to prepare a return for a multi-member LLC.   You need TurboTax Business which can only be used with a Windows computer as a CD/download.

 

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**