Depending on your type income from this single member LLC, you may need to upgrade to TurboTax Self-Employed to enter your LLC expenses.
Single member LLC - (or husband/wife LLC in a
community property state and you elect disregarded entity) is considered a
disregarded entity for US federal income tax purposes. You will include the
income and expenses on a Schedule C attached to your personal income
tax return. (This would require an upgrade to TurboTax Self-Employed.) However, if this is a rental property LLC that is a disregarded entity, you will report the rental income and expenses on Schedule E. (You will need TurboTax Premier or higher to report rental income and expenses.)
For more information see Single
Member Limited Liability Companies
Once you have signed into your TurboTax Account (for
TurboTax Online sign-in, click Here , then select "Take Me to My Return"), type
"Schedule C" in the search bar then select "jump to Schedule
C". Follow the TurboTax guidelines when entering this information. ("Schedule E" if rental.)
You would be able to claim any ordinary and necessary
business expense that relate to your self-employment home business.
This can include
such things as any unreimbursed business miles driven to a client or work
location, home office expense if you uses a part of your home exclusively for
your job and supplies or equipment used in your work to name just a few.
Please refer to this
IRS link for more information about Business
Expenses
