Seems like you are a single member LLC which means that yes, you just file your form 1040 and while doing so you will add the section for 'self-employment income'. That is where you enter the LLC information.
Since this is the first year for the LLC you have to decide when it was open for doing business. If it was providing services and fully operational then you can deduct any of the expenses you had for running the business even if you have no income yet. If it was not yet fully operational then any expenses that you have are considered 'start up expenses' and will be taken once the business is fully active and spread over the first 5 years the business is active.
@1stimetaxdoer
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