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Level 1
posted Feb 6, 2024 11:32:02 AM

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

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1 Best answer
Expert Alumni
Feb 6, 2024 11:37:00 AM

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

4 Replies
Level 15
Feb 6, 2024 11:34:15 AM
Expert Alumni
Feb 6, 2024 11:37:00 AM

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

Level 15
Feb 6, 2024 11:42:42 AM

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.  

Level 1
Feb 6, 2024 11:47:01 AM

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