https://ttlc.intuit.com/community/business-taxes/discussion/before-i-buy-the-business-filing-how-can-i-determine-how-my-llc-filing-will-affect-my-individual/01/3536211#M119337 Tue, 03 Feb 2026 16:56:39 GMT citizen737 2026-02-03T16:56:39Z https://ttlc.intuit.com/community/business-taxes/discussion/before-i-buy-the-business-filing-how-can-i-determine-how-my-llc-filing-will-affect-my-individual/01/3536211#M119337 Tue, 03 Feb 2026 16:56:39 GMT https://ttlc.intuit.com/community/business-taxes/discussion/before-i-buy-the-business-filing-how-can-i-determine-how-my-llc-filing-will-affect-my-individual/01/3536211#M119337 citizen737 2026-02-03T16:56:39Z https://ttlc.intuit.com/community/business-taxes/discussion/re-before-i-buy-the-business-filing-how-can-i-determine-how-my-llc-filing-will-affect-my-indivi/01/3536239#M119338 <P>You can enter your share of taxable income from your LLC in TurboTax to get an idea of how it will affect your personal tax return. You will need to enter it as a Schedule K-1 in the <STRONG>Business Investment and Estate/Trust Income</STRONG> section in the<STRONG> Wages</STRONG> <STRONG>and Income</STRONG> area of TurboTax. The income is reported on lines 1 through 11.</P> <P>&nbsp;</P> <P><IMG style="width:58.84%;" src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/0ce1871a-3a9e-47c6-9574-82c92d77c884.default.png" /></P> Mon, 03 Mar 2025 22:57:41 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-before-i-buy-the-business-filing-how-can-i-determine-how-my-llc-filing-will-affect-my-indivi/01/3536239#M119338 ThomasM125 2025-03-03T22:57:41Z