DianeW777
Expert Alumni

Business & farm

As a single member limited liability company (SMLLC) you would continue to file a Schedule C. SMLLCs are considered disregarded entities separate from their owners.  This is because the IRS expects the taxpayer to carry the income onto his or her personal tax return using the Schedule C for sole proprietors. The sale of mineral rights is reported on form 8949/1040 Schedule D as stated by Mike9241.

@nalalee1 

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