I am using Turbo Tax Self-Employed on line, I am trying to add the info of my single member LLC, but I don't know how to do it. Also I didn't have any income from my LLC on 2018 but I had some expenses. How should I file this?
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Single member LLC's income and expenses are reported as self-employment income on Schedule C.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income (it’s often reported on a 1099-MISC).
To set up your business:
If you need Schedule C to report a 1099-MISC, search for 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-MISC? and follow these directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ and add the right schedule to your return (if needed).
If your return only requires Schedule C-EZ, we'll generate Schedule C for calculation purposes. It won’t be filed with your return.
Single member LLC's income and expenses are reported as self-employment income on Schedule C.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income (it’s often reported on a 1099-MISC).
To set up your business:
If you need Schedule C to report a 1099-MISC, search for 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-MISC? and follow these directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ and add the right schedule to your return (if needed).
If your return only requires Schedule C-EZ, we'll generate Schedule C for calculation purposes. It won’t be filed with your return.
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