topic Owner of LLC in Business & farm

Owner of LLC

lalaland1123 — Tue, 24 Feb 2026 07:20:17 GMT

I realized that input the wrong owner on my 2022 taxes compared to 2021 and was wondering if I needed to amend the return.

Re: Owner of LLC

rjs — Thu, 21 Sep 2023 22:30:33 GMT

What question did you answer incorrectly? What answer did you give, and what should it have been?

If the issue is related to an LLC, is it 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 made an election to be treated as a C corp or as an S corp for tax purposes?

Did you report the LLC on Schedule C in your tax return, or did you receive a Schedule K-1 from the LLC?

Re: Owner of LLC

Mike9241 — Thu, 21 Sep 2023 23:32:30 GMT

who you list as owner and who should have been listed? also, was this a schedule C, Scorp, or Partnership?

Re: Owner of LLC

rjs — Fri, 22 Sep 2023 00:53:24 GMT

Reply deleted.

Re: Owner of LLC

lalaland1123 — Fri, 22 Sep 2023 04:40:01 GMT

the question is who owns the LLC, i put my name instead of my husbands name and it should've been my husbands name. This is single member LLC in California. Reported LLC on schedule C

Re: Owner of LLC

Mike9241 — Fri, 22 Sep 2023 06:31:57 GMT

@lalaland1123 look at the form 1040-SE to see whose name and social security number appears at the top. It will likely be yours. so, if this is true, you'll have to file an amended return to correct this because the self-employment income is going to the credit of the wrong person at the Social Security Administration. also, the SE-Tax computed on the form and QBI deduction computed on form 8995/8995A may be wrong as a result which could affect other items in the return.