DS30
New Member

Business & farm

Since this is a C-corporation, you will have no K-1s (These only apply to partnerships (or LLCs that file as a partnership) on Form 1065.)

Here is a link to IRS related to C Corporations - https://www.irs.gov/businesses/small-businesses-self-employed/corporations

Since you have a C-Corp, your company is considered a separate entity from you and will need to file a separate entity return (C-Corps file Form 1120s.) You will only need to include information about this C-Corp on your personal tax return if the C-Corp pays dividends or you have interest income on loans to the C-Corp.

C Corporation  is considered a separate entity and will need to be reported on a separate federal income tax return (you will need TurboTax Business, you can purchase a downloadable copy here ).

A schedule C filing would not be necessary with this C-Corp (even if it is a multi-membered LLC with 4 members).

Here is an IRS link related to LLC filings - https://www.irs.gov/businesses/small-businesses-self-employed/llc-filing-as-a-corporation-or-partner...

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