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Sole owned LLC business.

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.

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Accepted Solutions

Sole owned LLC business.

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

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1 Reply

Sole owned LLC business.

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

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