Question

What version of Turbo Tax do I need for a single member LLC and K1's from MPS ?

Forum|Forum|6 years ago
December 23, 2019
1 reply
0 views

I will be getting K-1's from participation in master limited partnerships plus I have my own single member LLC. What version of turbo tax will I need to support this ?

TurboTax

Critter

Employee

If you use the ONLINE version you must use the Self Employed program.

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

If you use the Downloaded version you can use ANY of them ... although it is recommended you use the Home & Business version it is not REQUIRED. You can start with the DELUXE and upgrade in program if you feel the need for more guidance ( Basic if you don't need a state return).

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

P

PanJHAuthor

I usually get the CD version instead of downloading--- do I need the home and business ?

A

Anonymous_

Employee

@PanJH wrote:

I usually get the CD version instead of downloading--- do I need the home and business ?

The CD version is actually the same as the downloaded version; they are both installed on your computer rather than accessed Online through your browser.