- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Not entirely true.
"Is a Schedule C used when the LLC is for single-employee, which is me?"
No, Schedule C is used when the LLC is for SINGLE OWNER, which is you.
You would not be an employee, you would not get a W-2.
You COULD have employees, but you would not be one.
You COULD do the work, but you don't get paid as an employee, you get to keep the profit from the LLC.
If you are paid as an employee and get a W-2, this would not be reported on Schedule C.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 6, 2024
5:07 PM