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.

lauph2000
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

 
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
MichaelMc
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

Unless you elected other tax treatment at the time you formed your LLC, a single-member LLC is a disregarded entity for tax purposes and should file on Form 1040, Schedule C, just like a sole proprietorship.

The correct product choice for Schedule C filers is either TurboTax Self-Employed (online) or TurboTax Home & Business (Download/CD). Either product will guide you through the full range of allowable business deductions. Both also link to Quick Employer Forms to allow you to create and e-file W-2s for your employees and Forms 1099-MISC for your vendors and contractors.

View solution in original post

1 Reply
MichaelMc
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

Unless you elected other tax treatment at the time you formed your LLC, a single-member LLC is a disregarded entity for tax purposes and should file on Form 1040, Schedule C, just like a sole proprietorship.

The correct product choice for Schedule C filers is either TurboTax Self-Employed (online) or TurboTax Home & Business (Download/CD). Either product will guide you through the full range of allowable business deductions. Both also link to Quick Employer Forms to allow you to create and e-file W-2s for your employees and Forms 1099-MISC for your vendors and contractors.

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