Hi All,
In 2023 I opened a SM- LLC and filed using Turbo-Tax.
I live and work from home in NYC so I was very careful when I chose NYC during the filing process.
In my 1040, I can see my Schedule-C.
However, I talked to a real accountant which told me that as an SMLLC in NYC, I also need to pay "unincorporated business tax" aka UBT.
I dont see it in my 1040! Does turbo tax support that? If so, where can I see if I paid that? or if not, where did I get it wrong during the process?
Thanks!
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To clarify- my taxable income is high enough that I won't be exempt from paying UBT.
The NYC Unincorporated Business Tax (UBT) interview is in the NY state "Taxes and Credits" section. You will not find the form in your federal forms but in your NY forms. It is not supported as an e-file form so you would've been prompted and needed to print/mail that tax form. Since it sounds like that didn't happen, here are the steps.
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