Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
asrobards22
New Member

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

1 Best answer

Accepted Solutions
Fern
New Member

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

Yes. You need to include the Form K-1 in your personal tax return. The LLC will issue this K-1 as part of it's tax filing.

View solution in original post

1 Reply
Fern
New Member

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

Yes. You need to include the Form K-1 in your personal tax return. The LLC will issue this K-1 as part of it's tax filing.
Dynamic AdsDynamic Ads
Privacy Settings
v