DawnC
Expert Alumni

Business & farm

Report it on your personal taxes.   If you have a single member LLC, it is considered a disregarded entity and is reported on your personal tax return.  

 

Your single member LLC income and expenses are reported on your Schedule C.  The link has instructions

The K-1 from the other LLC gets reported on your Schedule E.   The link has instructions

 

@CGAZ - You will need TurboTax Self-Employed to report both activities if you are using the Online version.  

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