Yes - being an LLC is a legal term to protect you from liability but doesn't really affect your tax status. If you are a single-member LLC, you would file a Schedule C in your federal 1040 return.
According to the NY Department of Taxation and Finance website, Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs):
- A single-member LLC (SMLLC) that is treated as a disregarded entity for federal income tax purposes will be treated as a disregarded entity for New York tax purposes.
- If the SMLLC is disregarded and the single member is an individual, the SMLLC will be treated as a sole proprietorship for New York tax purposes.
For New York, since you are a sole proprietorship, your business income and expenses go on your personal return, IT-201 (full year resident or IT-203 (part-year or nonresident).
