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New Member
posted Aug 17, 2025 8:34:58 AM

it's my first time using turbo tax. How do i enter LLC expenses?

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2 Replies
Level 15
Aug 17, 2025 8:42:57 AM

You are posting from online Deluxe.   If you are using online TurboTax, you need to upgrade to Premium in order to prepare a Schedule C for your business expenses.

 

 

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

 

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp

 

 

If you live in a state with a state income tax, you might need to make estimated payments to your state.

 

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

 

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7

 

Level 15
Aug 17, 2025 11:48:15 AM

Is it a single-member LLC or multi-member?
If it is multi-member, are you and your spouse the only members? If so, what state are you in?
Has the LLC filed Form 8832 to elect to be treated as a C corporation or Form 2553 to elect to be treated as an S corporation for tax purposes?


A single-member LLC that has not elected to be treated as an S corp or C corp is disregarded for income tax purposes. You report the income and expenses as self-employment on your personal tax return.


If it's anything other than a single-member LLC that has not elected to be treated as an S corp or C corp, the LLC has to file its own tax return, separate from your personal tax return. Except for C corp treatment, you will get a Schedule K-1 from the LLC, which you have to enter in your personal tax return.


There is an exception if you and your spouse are the only members of the LLC, and you live in a community property state.