AmyC
Expert Alumni

Business & farm

You used the term LLC which is vague as it could have been sch C or S corp, but in your recent reply, you updated it with information for a single member, disregarded non-entity. You included a page to the IRS sch C and a quote. The page you are referring to it just basics of sch C business. Look up on the same page of Single Member LLC and see:

Owner of Single-Member LLC

If a single-member LLC does not elect to be treated as a corporation, the LLC is a "disregarded entity," and the LLC's activities should be reflected on its owner's federal tax return. If the owner is an individual, the activities of the LLC will generally be reflected on:

                             

When you file your 1040, it will be your Social Security Number. Included with the 1040, is your Schedule C, using your EIN. The interest can go on your sch C. It is all connected.

 

@Taxathrone

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