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I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

 
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ThomasM125
Expert Alumni

I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

Yes, you will report your income as self-employment income. Look for that option in the Wages and Income section of TurboTax.

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4 Replies
ThomasM125
Expert Alumni

I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

Yes, you will report your income as self-employment income. Look for that option in the Wages and Income section of TurboTax.

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

I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

Yes if you are a Single Member LLC and did not select to be an S corp you file a schedule C in your personal tax return.  You can use either the Online Premium version or any Desktop program, but the Home & Business program will have the most help.  

I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

Thank you! I guess I was hoping to see “LLC” someone on the product to be sure before I opened it up! 🙂 

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