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Business & farm
You can choose how you want to do it.
Like a traditional LLC, a single-member LLC can elect to be taxed as a corporation. If you do that, you need TurboTax Business.
If you don’t make this election, however, your single-member LLC is treated as a “disregarded entity.” In other words, you won’t be required to file a separate tax return for your LLC. Instead, you can continue to report your self-employment income on Schedule C which can be done on TurboTax Home and Business.
June 6, 2019
8:46 AM