topic Can I file tax separately between my Social Security Number and LLC Tax ID? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700644#M605747 <P>I'm setting up an LLC where I'm going to be the only member.&nbsp; Can I file my&nbsp;Social Security Number income separately then my LLC Tax ID?</P> Wed, 29 Jul 2020 02:10:04 GMT mchu519 2020-07-29T02:10:04Z Can I file tax separately between my Social Security Number and LLC Tax ID? https://ttlc.intuit.com/community/taxes/discussion/can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700644#M605747 <P>I'm setting up an LLC where I'm going to be the only member.&nbsp; Can I file my&nbsp;Social Security Number income separately then my LLC Tax ID?</P> Wed, 29 Jul 2020 02:10:04 GMT https://ttlc.intuit.com/community/taxes/discussion/can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700644#M605747 mchu519 2020-07-29T02:10:04Z Re: Can I file tax separately between my Social Security Number and LLC Tax ID? https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700649#M605748 <P>It depends. &nbsp;Is your LLC set up as an S Corp? &nbsp;If not then it is a disregarded entity and filed on your personal 1040 return on schedule C with your other income.</P><P>&nbsp;</P><P>If you set it up as a S corp,&nbsp;<SPAN class="s1">You need Turbo Tax Business.</SPAN></P><P class="p1"><SPAN class="s1">The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. <SPAN class="Apple-converted-space">&nbsp; </SPAN>It<SPAN class="Apple-converted-space">&nbsp; </SPAN>is a separate program from the Desktop Home &amp; Business program or the Online Self Employed version.</SPAN></P><P class="p2">&nbsp;</P><P class="p1"><SPAN class="s1">Turbo Tax Business<SPAN class="Apple-converted-space">&nbsp; </SPAN>is not available to do online or on a Mac.<SPAN class="Apple-converted-space">&nbsp; </SPAN>You can buy the Window's version here.<SPAN class="Apple-converted-space">&nbsp; </SPAN>And you can have both TT Business and TT Home &amp; Business (or any personal version) installed on<SPAN class="Apple-converted-space">&nbsp; </SPAN>your computer at the same time.</SPAN></P><P class="p1"><SPAN class="s1"><A href="https://turbotax.intuit.com/small-business-taxes" target="_blank">https://turbotax.intuit.com/small-business-taxes</A> </SPAN></P><P>&nbsp;</P><P>&nbsp;</P> Wed, 29 Jul 2020 02:15:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700649#M605748 VolvoGirl 2020-07-29T02:15:02Z Re: Can I file tax separately between my Social Security Number and LLC Tax ID? https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700652#M605749 <P>It's not clear what you are asking.&nbsp; As long as the single-member LLC doesn't elect to be taxed as an S-Corp all your income is reported on your 1040. an individual only files one 1040 for each tax year.&nbsp; if the LLC elected S-Corp status then a return for the S-Corp would have to be filed.&nbsp; K-1's for each shareholder would be done and&nbsp; the K-1 tax information would be then be reported on the individual's tax return&nbsp;</P> Wed, 29 Jul 2020 02:16:36 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700652#M605749 Anonymous 2020-07-29T02:16:36Z Re: Can I file tax separately between my Social Security Number and LLC Tax ID? https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700724#M605750 <P>Thanks! You guys answered my question.&nbsp; Looks like the answer is yes, I can file separately provided that my LLC is an S Corp.</P> Wed, 29 Jul 2020 05:28:13 GMT https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700724#M605750 mchu519 2020-07-29T05:28:13Z
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topic Can I file tax separately between my Social Security Number and LLC Tax ID? in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700644#M605747
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<P>I'm setting up an LLC where I'm going to be the only member.&nbsp; Can I file my&nbsp;Social Security Number income separately then my LLC Tax ID?</P>
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<pubDate>Wed, 29 Jul 2020 02:10:04 GMT</pubDate>
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Can I file tax separately between my Social Security Number and LLC Tax ID?
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https://ttlc.intuit.com/community/taxes/discussion/can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700644#M605747
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<P>I'm setting up an LLC where I'm going to be the only member.&nbsp; Can I file my&nbsp;Social Security Number income separately then my LLC Tax ID?</P>
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<pubDate>Wed, 29 Jul 2020 02:10:04 GMT</pubDate>
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Re: Can I file tax separately between my Social Security Number and LLC Tax ID?
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https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700649#M605748
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<P>It depends. &nbsp;Is your LLC set up as an S Corp? &nbsp;If not then it is a disregarded entity and filed on your personal 1040 return on schedule C with your other income.</P><P>&nbsp;</P><P>If you set it up as a S corp,&nbsp;<SPAN class="s1">You need Turbo Tax Business.</SPAN></P><P class="p1"><SPAN class="s1">The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. <SPAN class="Apple-converted-space">&nbsp; </SPAN>It<SPAN class="Apple-converted-space">&nbsp; </SPAN>is a separate program from the Desktop Home &amp; Business program or the Online Self Employed version.</SPAN></P><P class="p2">&nbsp;</P><P class="p1"><SPAN class="s1">Turbo Tax Business<SPAN class="Apple-converted-space">&nbsp; </SPAN>is not available to do online or on a Mac.<SPAN class="Apple-converted-space">&nbsp; </SPAN>You can buy the Window's version here.<SPAN class="Apple-converted-space">&nbsp; </SPAN>And you can have both TT Business and TT Home &amp; Business (or any personal version) installed on<SPAN class="Apple-converted-space">&nbsp; </SPAN>your computer at the same time.</SPAN></P><P class="p1"><SPAN class="s1"><A href="https://turbotax.intuit.com/small-business-taxes" target="_blank">https://turbotax.intuit.com/small-business-taxes</A> </SPAN></P><P>&nbsp;</P><P>&nbsp;</P>
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<pubDate>Wed, 29 Jul 2020 02:15:02 GMT</pubDate>
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<dc:date>2020-07-29T02:15:02Z</dc:date>
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Re: Can I file tax separately between my Social Security Number and LLC Tax ID?
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<P>It's not clear what you are asking.&nbsp; As long as the single-member LLC doesn't elect to be taxed as an S-Corp all your income is reported on your 1040. an individual only files one 1040 for each tax year.&nbsp; if the LLC elected S-Corp status then a return for the S-Corp would have to be filed.&nbsp; K-1's for each shareholder would be done and&nbsp; the K-1 tax information would be then be reported on the individual's tax return&nbsp;</P>
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<pubDate>Wed, 29 Jul 2020 02:16:36 GMT</pubDate>
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<dc:creator>Anonymous</dc:creator>
<dc:date>2020-07-29T02:16:36Z</dc:date>
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Re: Can I file tax separately between my Social Security Number and LLC Tax ID?
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https://ttlc.intuit.com/community/taxes/discussion/re-can-i-file-tax-separately-between-my-social-security-number-and-llc-tax-id/01/1700724#M605750
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<P>Thanks! You guys answered my question.&nbsp; Looks like the answer is yes, I can file separately provided that my LLC is an S Corp.</P>
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