If this is a Partnerships and Multi-Member LLCs (Form 1065) LLC, you will need two tax products. TurboTax Business prepares Partnerships and Multi-Member LLCs (Form 1065) income tax returns. To enter the K-1, that you receive from the LLC, into your form 1040, you may use TurboTax Online Premier (Is TurboTax Premier Online right for me?) or TurboTax CD\Download Deluxe, Premier or Home & Business. See What's the difference between TurboTax Online and - TurboTax SupportFirst: You would complete Form 1065, U.S. Return of Partnership Income The partnership would issue Form K-1, to you and your partner. See What's a K-1? and How do I issue a K-1?The K-1 would get entered on your personal income tax return. See Form 1065 was due March 15, 2017. Second: You would enter your K-1, on your personal income tax return. See Where do I enter a K-1 that I received?

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We are a married couple and opened an llc in 2016 do we have to make a separate filing for the llc or can we include it in our personal returns

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June 6, 2019
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HelenaC

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If this is a Partnerships and Multi-Member LLCs (Form 1065) LLC, you will need two tax products.

TurboTax Business prepares Partnerships and Multi-Member LLCs (Form 1065) income tax returns.

To enter the K-1, that you receive from the LLC, into your form 1040, you may use TurboTax Online Premier (Is TurboTax Premier Online right for me?) or TurboTax CD\Download Deluxe, Premier or Home & Business. See What's the difference between TurboTax Online and - TurboTax Support

First: You would complete Form 1065, U.S. Return of Partnership Income

The partnership would issue Form K-1, to you and your partner. See What's a K-1? and How do I issue a K-1?
The K-1 would get entered on your personal income tax return. See
Form 1065 was due March 15, 2017.

Second: You would enter your K-1, on your personal income tax return. See Where do I enter a K-1 that I received?