In the past years I have been advised that an LLC is the same as my personal tax return and can be added as showing income and expenses. This does not require producing a K-1. This year the review in Turbo Tax keeps asking for a K-1, which I don;'t have.
You'll need to sign in or create an account to connect with an expert.
Enter your income and expenses on Schedule C (as you have been doing in past years) and follow the instructions at the link below to delete the phantom K-1.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-delete-a-k-1/00/26655
Enter your income and expenses on Schedule C (as you have been doing in past years) and follow the instructions at the link below to delete the phantom K-1.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-delete-a-k-1/00/26655
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
baldwyn-english
New Member
RustyShackleford
Level 3
peterbestwork
New Member
Dave Levy
New Member
likesky1010
Level 2
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.