DianeC958
Expert Alumni

Get your taxes done using TurboTax

No, you need to report separately the income and expenses before the LLC on a Schedule C,  then file a separate Schedule C for the LLC income and expenses.

 

Since you are a single member LLC you report all of your income and expenses on your personal return on Schedule C.

 

Next year if you run all of your income and expenses through the LLC then you will only file one Schedule C to report your business information.

 

 

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