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Business & farm
You will get a K-1 and maybe a W2 from the LLC to manually enter into your personal tax return. If you use the Online version you will need to use Premier to enter a K-1. So you need to do the LLC return first to get the form to enter into your return.
What kind of LLC do you have? Do you need to file a 1065 or 1120 Business return? Are you a single member sole proprietor or a multi member partnership? Did you set up your LLC as a S corp? If you are a sole proprietor (not an S corp) you file it in your personal tax return on schedule C as self employment, not as a separate business return.
What kind of LLC do you have? Do you need to file a 1065 or 1120 Business return? Are you a single member sole proprietor or a multi member partnership? Did you set up your LLC as a S corp? If you are a sole proprietor (not an S corp) you file it in your personal tax return on schedule C as self employment, not as a separate business return.
‎June 4, 2019
8:10 PM