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Investors & landlords
can you file a schedule C if you're not a single member LLC?
Typically, no. There is one exception.
If you live in a community property state and you have a 2 member LLC where both members are married to each other and filing a joint return, then each member can report their 50% on separate SCH C's as a part of their joint 1040 tax return.
For your case, since there are more than 2 members in the LLC, it doesn't matter if you live in a community property state or not. You can't do the SCH C on your separate 1040's.
March 12, 2022
6:05 AM