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Level 1
February 22, 2026
Question

Self Employed with registered LLC I have a 1099-NEC form

  • February 22, 2026
  • 1 reply
  • 13 views

I am wondering how I should file my taxes, as I have a registered llc that is a record label/demo studio that offers artist representation and audio editing services. Do I file this under my personal taxes or under a business tax account since being a freelance/self employed person is how I made an income last year along with expenses of moving, purchasing of gear, studio subscriptions, software, etc. 

 

Thank you for the insight in advance.

    1 reply

    rjs
    Level 15
    Level 15
    February 22, 2026

    Is your LLC a single-member LLC or multi-member?


    If it is multi-member, are you and your spouse the only members? If so, what state are you in?


    Has the LLC filed an election with the IRS to be treated as a C corporation or as an S corporation for tax purposes (Form 8832 or Form 2553)?


    If your LLC is a single-member LLC and has not elected to be treated as a C corp or S corp, it is disregarded for income tax purposes. You enter your self-employment income as business income in your personal tax return. It will be reported on Schedule C.