DavidD66
Expert Alumni

Business & farm

For the LLC, if you are the only member then you have a single member LLC, which is considered a disregarded entity by the IRS for tax purposes.  What that means is that you file the LLC on your personal tax return as if you are self-employed - in regards to the LLC.    You will need to upgrade to TurboTax Self-Employed if you use Online version.

 

If you have a multi-member LLC, then you would have to complete a partnership return Form 1065.  

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