turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am entering K-1 on my personal return. I have a single member LLC filing as an s-corp. Do I select "This is for a disregarded entity" on the info page?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PatriciaV
Employee Tax Expert

I am entering K-1 on my personal return. I have a single member LLC filing as an s-corp. Do I select "This is for a disregarded entity" on the info page?

Yes. The IRS considers a Single-Member LLC to be a disregarded entity. Basically, you and the LLC are one entity for tax purposes.

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

I am entering K-1 on my personal return. I have a single member LLC filing as an s-corp. Do I select "This is for a disregarded entity" on the info page?

@PatriciaV please review your response.

This is an S corp and is not a disregarded entity.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question