Publication 3402 (03/2020), Taxation of Limited Liability | IRS states:
LLCs Classified as Disregarded Entities
Income tax.
If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040:
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Schedule C, Profit or Loss from Business (Sole Proprietorship);
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Schedule E, Supplemental Income and Loss; or
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Schedule F, Profit or Loss From Farming.
@Critter-3 is correct
@DDT1345 a loan would be passive income. If you were doing big business, you would probably be an S-corp.
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