You'll need to sign in or create an account to connect with an expert.
Yes you file a Single Member LLC in the Self Employed version. It is a disregarded entity and you file it on Schedule C in your personal 1040 return. Unless you set it up as an S corp. then you need to file a 1120S business return.
You file it as self employment income.
Then How to enter self employment expenses
No EIN needed unless you have employees or are an S_corp. however, many sole-proprietors/ single member LLC's without employees do get an EIN so if they have to issue 1099's there not giving out their SSN.
@Anonymous wrote:many sole-proprietors/ single member LLC's without employees do get an EIN so if they have to issue 1099's there not giving out their SSN.
I agree that is a good idea. However, for that purpose, get an EIN for YOU, not the LLC. When you fill out a W-9, it needs to have YOUR name and ID, not the ID of the LLC.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jcanalesr92
New Member
Irasaco
Level 2
helloTT102
New Member
mpsekhon
Level 2
SWillingham
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.