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New Member
posted Jun 4, 2019 7:09:42 PM

I am the only member of my LLC. Do I need a Schedule K-1?

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1 Best answer
Alumni
Jun 4, 2019 7:09:44 PM

You do not.  Schedules K-1 are for multi-member llc's treated as partnerships,  Yours would be reported as a sole proprietorship on your individual return.

1 Replies
Alumni
Jun 4, 2019 7:09:44 PM

You do not.  Schedules K-1 are for multi-member llc's treated as partnerships,  Yours would be reported as a sole proprietorship on your individual return.