I used to only do the Deluxe edition of Turbo Tax, however since being in a partnership LLC this year I was wondering if I had to upgrade to the Home and Business edition even though we had no income or expenses.
An LLC that is taxed as a partnership is subject to the same federal income tax return filing requirements as any other partnership. The LLC must file an informational partnership tax return on tax form 1065 unless it did not receive any income during the year AND did not have any expenses that it will claim as deductions or credits.
Thus, an LLC with no business activity that is taxed as a partnership is not required to file a partnership tax return unless there are expenses or credits that the LLC wants to claim.
If you choose to file Form 1065 for your LLC. In order to do this with TurboTax, you would need TurboTax Business, not Home and Business. If there were no other significant changes in your tax situation you should be able to use the Deluxe version for your 2015 return.
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