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posted Jun 6, 2019 6:08:22 AM

My husband had an LLC this last year that he didn't really do anything with (minor expenses, no profit). Do we file with our regular return or separate returns for LLC?

Do we file with our regular joint return ....or separate returns for the LLC?  Also, he didn't really do anything with the business...do we still have to file?

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1 Best answer
Expert Alumni
Jun 6, 2019 6:08:24 AM

If the LLC is a single member entity, you should file form Schedule C as part of your personal tax return. If you have any income or expenses for your LLC, choose TurboTax Self-Employed. However, if you had no activity and did not receive an Employer Identification Number (EIN) for this LLC, you are not required to include Schedule C this year.

If you have elected to be taxed as an S-Corp, you will need to file a separate return for this entity (Form 1120-S, available in TurboTax Business).

If it is a multiple member LLC, you should file a separate Partnership/S-corporation return (Form 1065 or 1120-S). TurboTax Business is a stand-alone desktop product that can create a return for an LLC owned by more than one member.

1 Replies
Expert Alumni
Jun 6, 2019 6:08:24 AM

If the LLC is a single member entity, you should file form Schedule C as part of your personal tax return. If you have any income or expenses for your LLC, choose TurboTax Self-Employed. However, if you had no activity and did not receive an Employer Identification Number (EIN) for this LLC, you are not required to include Schedule C this year.

If you have elected to be taxed as an S-Corp, you will need to file a separate return for this entity (Form 1120-S, available in TurboTax Business).

If it is a multiple member LLC, you should file a separate Partnership/S-corporation return (Form 1065 or 1120-S). TurboTax Business is a stand-alone desktop product that can create a return for an LLC owned by more than one member.