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.

What`s the best turbo tax to use if you have a LLC license

 
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.

2 Replies

What`s the best turbo tax to use if you have a LLC license

You will probably still file as self-employed and use TT "home and business." There are some other threads about this, so you might want to search here or online generally for "how to file taxes as an llc" or "...as a single member llc". Here is one quote: "

The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on Schedule C and submit it with your 1040 tax return."
 
Carl
Level 15

What`s the best turbo tax to use if you have a LLC license

If it's a single member LLC that was open for business in 2019, you can use the CD version of Premier or higher. If you will be using the online version of TurboTax, then you have to use the Self-Employed flavor.

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question