Where do you enter income you paid yourself as a sole proprietor LLC ?

[DoninGA · Accepted solution]

You do not enter the income you pay yourself on a Schedule C.  The net profit from the self-employment is your income.

[zemamy]

Thank you very much. So is there a way to pay some social security if you don't have a profit in a particular year as a sole proprietor LLC?

[DoninGA]

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@zemamy wrote:

Thank you very much. So is there a way to pay some social security if you don't have a profit in a particular year as a sole proprietor LLC?

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No, there is no way to pay Social Security taxes if you do not have a net profit from your business.

[AmeliesUncle]

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@zemamy wrote:

Thank you very much. So is there a way to pay some social security if you don't have a profit in a particular year as a sole proprietor LLC?

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Maybe, yes.  There are various rules involved that could restrict you from using this method, but find the section that asks about the "optional" method of self employment tax.