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My wife and I file joint taxes. She owns an LLC (but does not pull a salary), she does have employees (we use ADP) and I work full time for a software company.

Forum|Forum|6 years ago
May 31, 2019
3 replies
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Wife's LLC is a bakery which we are co-owners of.

She has two part time employees.

Which Turbo Tax software should we use?

We are using Quicken Online.

Thank you, Chris Fusco

Best answer by PatriciaV

Depending on the structure of the LLC (corporation or S-Corp election), you will need to file either Form 1120 or 1120S for your business return. Either of these tax returns can be prepared using TurboTax Business.

You may use TurboTax Premier or Home & Business (online or desktop) to prepare your personal return. If you use the online version, the program will prompt you to upgrade when needed. Check out our online product guide for more information on forms coverage for all versions of TurboTax.

S

SweetieJean

First you said "she" owns the LLC. Then you said "we" do. It makes a difference. Which state are you in?

C

chfuscoAuthor

Sorry, we're married...I wrote it that way as I wanted to emphasize that she runs the business and i have a day job. We live in PA, the business we co-own and she runs is also in PA. My day job is in NJ.

PatriciaVAnswer

Depending on the structure of the LLC (corporation or S-Corp election), you will need to file either Form 1120 or 1120S for your business return. Either of these tax returns can be prepared using TurboTax Business.

You may use TurboTax Premier or Home & Business (online or desktop) to prepare your personal return. If you use the online version, the program will prompt you to upgrade when needed. Check out our online product guide for more information on forms coverage for all versions of TurboTax.

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