Question

LLC 1065 Form W-2

Forum|Forum|6 years ago
February 4, 2020
1 reply
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I have a llc with my wife and I also have a W-2 and 1099, how to do my tax?

Not A Product Question

For the LLC you have with your wife, you will need to file a Form 1065 - Partnership Return. To do so, you will need TurboTax Business. For information on TurboTax Business, and to purchase/download it, click on https://turbotax.intuit.com/small-business-taxes/ The Form 1065 will generate Forms k-1 for both you and your wife, which you will need to enter for your personal tax returns.

For your personal tax returns, you will need TurboTax Premier. You can use the Online version, or the Desktop version.

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R

REMC11

I have a similar situation. First time doing taxes for our LLC. No employees. Just my wife and I as partners. I completed the Home and Business turbo tax but then I found a letter in my files from IRS stating I may need to fill out a form 1065. Do I need this? If so, can this be done electronically separate from the actual tax return? I really don't want to re-due our tax returns on Turbo Tax business and Turbo tax Premier. I