Hi,
I have a single member LLC and I have elected it to be taxed as an S Corp. I also have a full time job and I have a w-2 for it. A couple of questions:
1. I am using TurboTax business for my LLC and have selected the option "S Corp". It's asking me if I have paid anyone including a shareholder. Since I am the sole owner and I do the actual work, do I become the shareholder and therefore I have to create a W2 or 1099 for myself? If so, which one do I create (W2 or 1099)?
2. Also, how do I transfer income from my business filing to the personal one?
