turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lauph2000
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MichaelMc
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

Unless you elected other tax treatment at the time you formed your LLC, a single-member LLC is a disregarded entity for tax purposes and should file on Form 1040, Schedule C, just like a sole proprietorship.

The correct product choice for Schedule C filers is either TurboTax Self-Employed (online) or TurboTax Home & Business (Download/CD). Either product will guide you through the full range of allowable business deductions. Both also link to Quick Employer Forms to allow you to create and e-file W-2s for your employees and Forms 1099-MISC for your vendors and contractors.

View solution in original post

1 Reply
MichaelMc
New Member

I started an sole proprietorship llc in 2016. What software do I need to file my taxes ?

Unless you elected other tax treatment at the time you formed your LLC, a single-member LLC is a disregarded entity for tax purposes and should file on Form 1040, Schedule C, just like a sole proprietorship.

The correct product choice for Schedule C filers is either TurboTax Self-Employed (online) or TurboTax Home & Business (Download/CD). Either product will guide you through the full range of allowable business deductions. Both also link to Quick Employer Forms to allow you to create and e-file W-2s for your employees and Forms 1099-MISC for your vendors and contractors.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies