Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to prepare LLC's return with ProSeries Basic

Highlighted
Level 2

I have been asked to prepare tax return for an LLC entity, the problem; Pro Series Basic doesn't handle LLCs, how can I comply with this request?

0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15

A single member LLC is treated as a schedule C which I'm pretty sure Basic handles.  If you are talking in terms of a multiple member LLC, you can use the Professional version on a pay per return basis to prepare a 1065 or 1120S.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

5 Replies 5
Highlighted
Level 15

1) upgrade your software?  (or, see if you can use PS Professional on a pay-by-return basis) 

2) decline the engagement?

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
Highlighted
Level 15

A single member LLC is treated as a schedule C which I'm pretty sure Basic handles.  If you are talking in terms of a multiple member LLC, you can use the Professional version on a pay per return basis to prepare a 1065 or 1120S.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

Highlighted
Level 15
Level 15

What kind of LLC?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
Highlighted
Level 2

Thanks! How do I get the professional version on a pay per return basis to prepare a 1065 or 1120S ?

0 Cheers
Highlighted
Level 15
Level 15

You should be able to Log into your Online Intuit Account and download Professional from there.

https://www.intuit.com/sign-in/

Scroll down to ProSeries and then log in....choose the 'Previous Years' hyperlink on your dashboard to see what's available to download.  If Professional isnt listed, you may need to call in.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪