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So-la-pro
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Where would I enter salary and dividends for sole proprietor llc on schedule c?

 
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DawnC0
Intuit Alumni

Where would I enter salary and dividends for sole proprietor llc on schedule c?

Salary and wages are listed under Employee Expenses, see attached.  

When you create or join a limited liability company, you have a claim on all earnings and assets of the business. Limited liability company members do not receive dividend payments; only shareholders of a corporation receive earnings through dividends. 

For a single member LLC, the LLC’s profit/loss will be calculated on Schedule C of the sole member’s 1040 tax return, and the profit/loss either adding to or subtracting from the individual’s taxable income.

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