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Get your taxes done using TurboTax
An LLC can be filed in a lot of different ways. The easiest way for you to file it and get the credit for your loss is to file a schedule C for this year. If you start making a profit at the business then it will be better to file as a partnership or an S-Corp or something. But for this year just a sole-proprietorship.
Scroll down in the wages and income section to 'Business Items' and click 'start' next to 'Business Income and Expenses'. Enter all of the information about your LLC here and then enter the expenses that you had for 2025. You'll take that loss against all of your other income to reduce your tax bill for this year.
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‎February 25, 2026
11:51 AM
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