Help me sort through my income tax filing options
March 22, 2014 11:45 AM Subscribe
Free online tax filing that allows a Schedule K-1?
posted by fishmasta to Work & Money (4 answers total) 4 users marked this as a favorite
I need to file my income taxes and for the most part they should be pretty simple. I own no property, have no investments, all my income is from a single employer in one state, and so on. So in the past I’ve been able to use the free TurboTax e-file and everything was easy.
The only complication now is I’m listed as a partner in my dad’s LLC and receive a K-1 form that I’m supposed to file. I don’t actually earn any income from the LLC, but I’m on it just for legal reasons in case something happened to him. My understanding though is that even without earning anything I still have to note the LLC’s tax ID number on my return and just report $0 on it. TurboTax, however, wants to charge me for their Premier version just to do that though (which more than wipes out any refund I might be getting). I know there are other services that also do free filing, but do any allow for the K-1?
(And yes, I know I could just do everything manually, but I prefer the ease of e-filing if possible.)