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March 29, 2022
Question

Which version do I need to for a multi-partnership LLC?

  • March 29, 2022
  • 1 reply
  • 0 views

Hi I started an LLC with a partner and I'm wondering if someone can confirm what I plan do it is correct. 

 

1. Purchase TurboTax Business and this will help generate K1 that  I then distribute to myself and partners. 

2. on my personal tax I purchase home & business that I can then enter the K1 I got from step one. 

 

Is this the correct workflow?

 

thank you. 

 

    1 reply

    Employee
    March 29, 2022

    You are totally correct.