how do i file tax if i have a day job and llc member

[trin785]

do i file both my dayjob and llc membership tax seperately or together. thanks

[tagteam]

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@trin785 wrote:
do i file both my dayjob and llc membership tax seperately or together. thanks

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If the LLC is a single-member LLC (and you did not make an election to be taxed as a corporation), then the LLC is treated as a disregarded entity for federal income tax purposes and you can file your taxes together.

See https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-compan...

[Lisa995]

If you are part of a multimember partnership and received a K-1 for your share of the LLC, you would enter the K-1 as well as the W2 (assuming W2) from your day job.

I believe you would need have at least Premier (if using the Online version of TurboTax) to enter  a K-1.

[trin785]

its multimember llc, so from what your saying, i would need to file two seperate form right, 1040 for my dayjob and 1065 for the llc

[VolvoGirl]

Depends. Are you going to do the Business tax return for the LLC?  Or do you have an Accountant?   Whoever prepares the 1065 LLC return will give all the members a schedule K-1 to enter into their own personal returns.

if you are the one who is going to file the 1065 return,  

You need Turbo Tax Business.  It  is a separate program from Home & Business.  It is not available to do online or on a Mac.

You can buy the Window's version here…..

https://turbotax.intuit.com/small-business-taxes