I have a farm set up as a single member LLC. What form should I file? My accountant is looking for K1 and handles the other taxes including dependents.

alimnich — Mon, 03 Jun 2019 19:04:18 GMT

As a single member LLC the income and expense items from...

Fern — Mon, 03 Jun 2019 19:04:20 GMT

As a single member LLC the income and expense items from your farm get reported on your personal return (Schedule F). You do not have to complete a business return nor does the business have to issue a form K-1.

A single member LLC is a disregarded organization by the IRS. This means that all income and expenses get reported on Schedule F of your individual tax return. When using Turbo Tax, use either Turbo Tax Self Employed (online) or Turbo Tax Home and Business (desktop software).

You will enter your business information under the Business tab of the program. The program will generate a Schedule F which is included in your individual tax return.

topic I have a farm set up as a single member LLC. What form should I file? My accountant is looking for K1 and handles the other taxes including dependents. in Business & farm

I have a farm set up as a single member LLC. What form should I file? My accountant is looking for K1 and handles the other taxes including dependents.

As a single member LLC the income and expense items from...