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Get your taxes done using TurboTax
You do not file a separate tax return for a single-member LLC that has not elected to be treated as an S corp. The LLC is disregarded for income tax purposes. You report the side business on Schedule C included in your personal tax return. The business loss will offset some of your W-2 income.
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‎December 15, 2024
7:20 AM
8,657 Views