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Is a limited liability company with one person reported on a schedule C?

How is income reported on box 7 of a 1099-Misc reported for a limited liability company?

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1 Reply
rjs
Level 15
Level 15

Is a limited liability company with one person reported on a schedule C?

A single-member LLC is disregarded for income tax purposes. You report it the same as if it was a sole proprietorship, which means, yes, your report it on Schedule C on your personal tax return.

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