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Get your taxes done using TurboTax
@leducconstructionco You are a Single Member LLC. When you set it up did you elect it to be an S Corp? If not then it is a disregarded entity and you file it on Schedule C in your personal tax return like your wife’s. Be sure to pick the right spouse for each Schedule C.
Were you asking about importing from Quicken or QuickBooks? What Turbo Tax version are you using? Online browser version or the Desktop installed program?
If you are not an S corp, you cannot deduct your own salary or any personal withdrawals you make from your business. As a sole proprietor, you are not an employee of the business.
January 6, 2025
12:03 PM