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My husband and I both own businesses. Both are LLCs but I have two partners. Would we be able to use the same program or should both businesses have their own?
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No - You won't be able to use the same program for both businesses.
Since your husband is a sole proprietor, his business is reported on a Schedule C in the 1040. He will need TurboTax Self Employed (online) or Home & Business (CD/Download).
Your business is set up as a partnership. For a partnership return (1065) you will need TurboTax Business. You can visit the following link to purchase the program: TurboTax Business
As part of the 1065 return, TurboTax will prepare a K-1 form for each partner, indicating their share of income and deductions. You will add the K-1 to the individual 1040 return for you and your husband.
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