Sales taxes you incur operating your business are deductible on your Schedule C. Every expense relating to the LLC will go on the form Schedule C - Self Employment.
If a single-member LLC does not elect to be treated as a corporation, the LLC is a "disregarded entity," and the LLC's activities should be reflected on its owner's federal tax return. If the owner is an individual, the activities of the LLC will generally be reflected on:
In order to complete a Schedule C in TurboTax you will need TurboTax Self-Employed or TurboTax Live Self-Employed to file a Schedule C.
Once you have the correct version of TurboTax you can complete the Schedule C by following these steps:
- Open or continue with your return.
- In the Search box type schedule c.
- Click the “Jump to schedule c” link in.
- Answer Yes to Did you have any self-employment income or expenses?
- Follow the onscreen instructions to enter your Schedule C information.
Please note: An employer tax ID number is not needed for a Schedule C, choose your social security number.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
