A sole proprietorship is a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner. So, it could be a partnership or an S-Corp, but it could not be a sole proprietorship. There is an exception for husband and wife, which can be found here: Qualified Joint Venture
Live Assisted/Live Full-Service Business can help you file these taxes next year. Even if you have a loss, you will be reporting the loss.
Both a partnership and an S-Corp can be LLCs. The choice of entity is beyond the scope of tax preparation though. Both entities though should serve your purposes.
Thank you so much for your question @Mike1611
Be well and safe!
Marc T.
Turbo Tax Expert
27 Years of Experience Helping Clients
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