Multi-member LLC Tax Solution?

by a searcher

2 years ago

I will be operating a multi-member LLC, in which I will be the only member actively involved in running the business.. Would like to do Year 1 taxes myself (personal preference). What's the best solution for such entities? Is Turbo Tax for Business the best solution out there? I am also using QBO for accounting, would love to see if Intuit has developed a connector between QBO and Turbo Tax.

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5 comments

searcher from Harvard University

I used TaxAct for self preparing corporate taxes when we were smaller

2 years ago | like reply | 0 likes

searcher from University of Florida - Warrington College of Business Administration

Hi Sarim. I use QBO and have filed K1s and a 1065 myself for a multimember LLC using TurboTax. I was also unable to make the import from QBO into TurboTax... seemed that it had to be QB Desktop.

Edit: this was in February of 2021 for tax year 2020

2 years ago | like reply | 0 likes

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