Question

Edition for personal and LLC to issue Schedule K-1

Forum|Forum|1 year ago
March 30, 2025
1 reply
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I've a Partnership LLC (Spouse and Me). I need to prepare schedule K-1 so I can use it for my married filing joint personal income tax return.

Which product I need to use to prepare Personal tax return and business tax return?

M

Mike9241

If you live in a community property state, you do not ned to file a partnership return. You split the activity. either 2 schedule Cs or two schedule Es

If you need to file a partnership return, there's a variety of TurboTax business apps that can only be used to file the partnership return. There's also a variety of TurboTax apps for your 1040. unless you took out an extension, the partnership return is late. it was due 3//17/2025

online assisted for 1065

https://turbotax.intuit.com/lp/ppc/4940/?_gl=1*1vmtcsl*_up*MQ..&gclid=6694951402341b9dd38bf2a93ad00b28&gclsrc=3p.ds

desktop versions for 1065

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

desktop 1040s

https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/

online 1040 - you'll need to use at least the premium version

you can start with basic and then Turbotax will make you upgrade to enter either k-1 or schedules c or e

sign into online account

https://turbotax.intuit.com/personal-taxes/online/premium/

F

ftcftcAuthor

Thanks, this one is not in the community property state. So, it seems like two different software purchases required each for business and personal. I was hoping to find a single product to get both done.