turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

prue
New Member

Do I need to file a 1040? I am a 25-year old college student whose parents claim as a dependent and I have very limited revenue as an LLC small business sole owner?

Do I need to file a 1040 as a college student with a small business?
Connect with an expert
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.

2 Replies

Do I need to file a 1040? I am a 25-year old college student whose parents claim as a dependent and I have very limited revenue as an LLC small business sole owner?

A 1040 is the tax return form you prepare here to send to the IRS.   If you start entering data in this software you are preparing a Form 1040.   Please look at it so you will know what you are sending to the IRS:

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

 

 

Who has to file?

http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Do I need to file a 1040? I am a 25-year old college student whose parents claim as a dependent and I have very limited revenue as an LLC small business sole owner?

You might have changed your original question, but the answer to your current question is:

 

If your have self employed profit of over $433, YES, you need to file a tax return.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies