turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cbwhastie
New Member

Hoe to file Single-member llc?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MinhT1
Expert Alumni

Hoe to file Single-member llc?

A single-member LLC is a disregarded entity for the IRS.

 

You file the income and expenses of a single-member LLC in the personal tax return of its owner, either on Schedule C (business activity) or Schedule E (rental activity) or Schedule F (farming).

 

Please read this IRS document.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Hoe to file Single-member llc?

If you have not incorporated you single member LLC to a S Corporation, then your business is a disregarded entity according to the IRS.  You report your business income and expenses on Schedule C which is part of your personal tax return, Form 1040.

If you are using the TurboTax online editions you will need the Premium edition to report your personal income and your business income and expenses - https://turbotax.intuit.com/personal-taxes/online/premium/

 

However, if you have incorporated to an S Corporation you will have to use the TurboTax Business Edition to complete and file a Form 1120S for the S Corporation - https://turbotax.intuit.com/small-business-taxes/cd-download/

The Business Edition cannot be used to complete a personal tax return.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies