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June 6, 2019
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I need to do taxes for my LLC here, I was doing them somewhere else last year, can I do it using this acct?

  • June 6, 2019
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Best answer by AndreaC1

If you are needing to file your LLC tax return as a single-member LLC, you will use the Self-Employed version of the TurboTax online software or the Home & Business CD/download version. And you'd just file Schedule C with your Form 1040 and include all LLC income and deductions there. You can find Home & Business here https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp

But you will need TurboTax Business software to do a multi-member LLC (including two-member LLCs run by spouses) return. That version handles any returns that need to be filed for corporation (Form 1120), S corporation (Form 1120-S), partnership/multi-member LLC (Form 1065), or homeowner association (1120-H). You can find this version here https://turbotax.intuit.com/small-business-taxes/ And you will also need one of the personal versions to input any K-1s on your personal return. TurboTax Business only handles the business return, not personal one. 

NOTE: TurboTax Business is a Windows-only software program available as a CD or download. There is no online version or Mac version for it.  

1 reply

AndreaC1Answer
Employee
June 6, 2019

If you are needing to file your LLC tax return as a single-member LLC, you will use the Self-Employed version of the TurboTax online software or the Home & Business CD/download version. And you'd just file Schedule C with your Form 1040 and include all LLC income and deductions there. You can find Home & Business here https://turbotax.intuit.com/personal-taxes/cd-download/home-and-business.jsp

But you will need TurboTax Business software to do a multi-member LLC (including two-member LLCs run by spouses) return. That version handles any returns that need to be filed for corporation (Form 1120), S corporation (Form 1120-S), partnership/multi-member LLC (Form 1065), or homeowner association (1120-H). You can find this version here https://turbotax.intuit.com/small-business-taxes/ And you will also need one of the personal versions to input any K-1s on your personal return. TurboTax Business only handles the business return, not personal one. 

NOTE: TurboTax Business is a Windows-only software program available as a CD or download. There is no online version or Mac version for it.