topic Single LLC and W2 Filing in Get your taxes done using TurboTax

Single LLC and W2 Filing

Afh12077 — Fri, 21 Feb 2025 01:13:13 GMT

I work a full time W2 job and I started a part time single LLC. Would I use the Home and Business (self employed) or Business (LLC) tax software?

Re: Single LLC and W2 Filing

rjs — Fri, 21 Feb 2025 01:49:23 GMT

You need Home & Business for your W-2 and single-member LLC. TurboTax Business is only for partnerships, corporations, trusts, and estates. It does not handle a single-member LLC unless the LLC has elected to be treated as a corporation (S corp or C corp) for income tax purposes.

Re: Single LLC and W2 Filing

VolvoGirl — Fri, 21 Feb 2025 03:19:41 GMT

It depends on if you set up your Single Member LLC (SMLLC) as an S corp. If you did you need to file a separate 1120-S Business return using the Business program. Otherwise it is a disregarded entity and you file it on Schedule C as self employment in your personal tax return.