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 have an LLC and I am the only person. Do I have to create a K-1 form to file my taxes?

I need to know if I have to file the K-1 and where I would find the numbers

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.

1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

I have an LLC and I am the only person. Do I have to create a K-1 form to file my taxes?

In a single person LLC, unless you elect to be taxed as a corporation, you default to being taxed as a Sole-Proprietorship. You will not need a K-1. Your business profit will flow through on your 1040.

View solution in original post

1 Reply
Coleen3
Intuit Alumni

I have an LLC and I am the only person. Do I have to create a K-1 form to file my taxes?

In a single person LLC, unless you elect to be taxed as a corporation, you default to being taxed as a Sole-Proprietorship. You will not need a K-1. Your business profit will flow through on your 1040.

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