turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mrkow86
New Member

Why does TurboTax stop me from progressing to set up my new LLC wiht only 1 member, me?

Why does TurboTax stop me from progressing to set up my new LLC with only 1 member, me?
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.

1 Reply
PatriciaV
Employee Tax Expert

Why does TurboTax stop me from progressing to set up my new LLC wiht only 1 member, me?

Have you elected to have your single-member LLC treated as a corporation? If so, you can prepare the company tax return using TurboTax Business.

 

If not, the LLC is a "disregarded entity," and the LLC's activities should generally be reflected on Form 1040 Schedule C. You will need either the Premium version of TurboTax Online or any version of TurboTax for Desktop.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question