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jwasbury jwasbury is offline
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Join Date: Jan 2008
Location: Weehawken, NJ
Posts: 3,593
I've used the turbo tax for business product to do all manner of business returns, 1120 (C Corp), 1120S (S Corp) and 1065 (Partnership and most LLCs).

I still use the "Home and Business" (or maybe its called "premier" now) product for my 1040, which has functionality to handle Schedule C for Sole Proprietors, Schedule E for rental real estate, and has built in depreciation calculation and asset tracking. I don't know if they offer a single product that will do both 1040 and business returns.

I like the intuit family of software products, and they are designed to be user friendly for non-accountants. I happen to have a CPA background so I skip all the "wizards" and DIY interview screens and directly input my data into the forms...still a great value and time saver from my perspective vs. manual preparation on paper forms or paying someone else to do it.

What type of LLC and what's the ownership structure? Under IRS rules a single member LLC is taxed as a Sole Proprietor (Schedule C attached to Form 1040) by default unless a specific election is made. A LLC with more than one member is taxed as a partnership (Form 1065) by default.
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Jacob
Current: 1983 911 GT4 Race Car / 1999 Spec Miata / 2000 MB SL500 / 1998 MB E300TD / 1998 BMW R1100RT / 2016 KTM Duke 690
Past: 2009 997 Turbo Cab / 1979 930
Old 09-07-2011, 07:21 PM
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