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Used wrong Turbotax for 2019

Forum|Forum|5 years ago
January 21, 2021
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My son and I started an LLC company last year. We used Turbotax Home & Business to do the taxes last year. I found out that the program did not handle it as an LLC. I got Turbotax Business for 2020, which has the LLC structure. How do I get 2019 fixed? What should I do? I tried to transfer the info from 2019 to 2020 for the business, but because they are different, the info for the business will not transfer. I wanted to enter the 2019 info manually, but the Turbotax Business won't let me.

TurboTax Business Windows

Best answer by Anonymous_

@draithen wrote:

How do I get 2019 fixed? What should I do?

You can purchase TurboTax Business for 2019 (link below), but the 2019 Form 1065 will be past due and penalties may be assessed. You might be better advised to consult with a tax professional at this point.

https://turbotax.intuit.com/personal-taxes/past-years-products/

If you can show reasonable cause for not filing a timely return, penalties may be waived.

See https://www.irs.gov/instructions/i1065#idm140672580619312

A

Anonymous_Answer

Employee

@draithen wrote:

How do I get 2019 fixed? What should I do?

You can purchase TurboTax Business for 2019 (link below), but the 2019 Form 1065 will be past due and penalties may be assessed. You might be better advised to consult with a tax professional at this point.

https://turbotax.intuit.com/personal-taxes/past-years-products/

If you can show reasonable cause for not filing a timely return, penalties may be waived.

See https://www.irs.gov/instructions/i1065#idm140672580619312