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Makiko
Level 1
November 16, 2022
Question

how does starting a small business affect us?

We started a LLC, and we file as a married/joint.    Can we still use basic Turbo Tax or should we get an upgraded one?   If it is a LLC, what do we need to do differently?  

 

    1 reply

    R-SchuleCPA
    Level 5
    November 16, 2022

    A married couple is eligible to file as a single member LLC, which will allow all income and expenses to be reported on Schedule C of your personal income tax return. Turbo Tax Self Employment module will prepare your necessary Schedule C forms.

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