Do I file as self employed or an LLC for 2017? I filed in 2016 for self employed and got my LLC in May of 2017.

elisabethleja · ‎June 4, 2019

Vanessa · ‎June 4, 2019

If you are a single member LLC, you are generally a disregarded entity, and will simply file as self-employed on a Schedule C on your personal 1040 unless you selected to be treated differently which is not as common.

If there are multiple members in the LLC you will need to use TurboTax Business to file a 1065 which will produce Schedule K-1's for each member. You will not file a schedule C if you have a multi-member LLC.

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Vanessa · ‎June 4, 2019

If you are a single member LLC, you are generally a disregarded entity, and will simply file as self-employed on a Schedule C on your personal 1040 unless you selected to be treated differently which is not as common.

If there are multiple members in the LLC you will need to use TurboTax Business to file a 1065 which will produce Schedule K-1's for each member. You will not file a schedule C if you have a multi-member LLC.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Do I file as self employed or an LLC for 2017? I filed in 2016 for self employed and got my LLC in May of 2017.