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Level 1
posted Aug 30, 2023 11:22:46 AM

how to file independent contractor taxex

I have had two contract jobs this year, but have not completed my LLC filing. How do I handle the two contracts?

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1 Replies
Employee Tax Expert
Aug 30, 2023 11:26:14 AM

Hello:

If you’re the single member of a limited liability company (LLC), you’ll typically file your business tax information on Schedule C and report the profit or loss from your business on Form 1040.

 

If that is not the case here is a great resource:   https://turbotax.intuit.com/tax-tips/small-business-taxes/llc-tax-filing-rules/L39E29kPR

 

Additionally, you mentioned two contract jobs - assuming they are the same line of work and will be combined in the LLC.

Be sure to check on the applicable state filing requirements too.