What is the best way to file Individual taxes and sole proprietor LLC with EIN and no employees- with losses? Are they separate returns? Or can you combine them?

katie-22 · ‎June 6, 2019

ChrisVonHoep · ‎June 6, 2019

A Sole Proprietor business can be filed on an individual's return with a Schedule C. TurboTax Self-Employed (Online), and TurboTax Home & Business (Desktop) are each capable of handling Sole Proprietorship.

You do not need separate business software.

Included are links to TurboTax Online and Desktop products:

TurboTax Online

TurboTax Desktop Download Page

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ChrisVonHoep · ‎June 6, 2019

A Sole Proprietor business can be filed on an individual's return with a Schedule C. TurboTax Self-Employed (Online), and TurboTax Home & Business (Desktop) are each capable of handling Sole Proprietorship.

You do not need separate business software.

Included are links to TurboTax Online and Desktop products:

TurboTax Online

TurboTax Desktop Download Page

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What is the best way to file Individual taxes and sole proprietor LLC with EIN and no employees- with losses? Are they separate returns? Or can you combine them?