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I filed taxes for my LLC, do I now have to fill in all the same information for my personal taxes?
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I filed taxes for my LLC, do I now have to fill in all the same information for my personal taxes?
If you filed your LLC tax return using form 1065, you do not have to enter all of the same information on your personal taxes. The only information required is the information from the K-1 generated from the LLC's income tax return in your name. The K-1 shows your portion of the income/loss from the LLC.
If you did not file your LLC using form 1065, and you are the sole owner, the information should be reported on schedule C of your personal income tax return.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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I filed taxes for my LLC, do I now have to fill in all the same information for my personal taxes?
If you filed your LLC tax return using form 1065, you do not have to enter all of the same information on your personal taxes. The only information required is the information from the K-1 generated from the LLC's income tax return in your name. The K-1 shows your portion of the income/loss from the LLC.
If you did not file your LLC using form 1065, and you are the sole owner, the information should be reported on schedule C of your personal income tax return.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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