3683180
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

I am currently employed and I have started an LLC in December but haven't really started to make money, do I still put self employed

 
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.

1 Reply
JotikaT2
Employee Tax Expert

I am currently employed and I have started an LLC in December but haven't really started to make money, do I still put self employed

It depends.

 

If you are referring to the actual occupation line on the tax return, then you can enter your actual profession.  The entry on this line does not affect how your tax return is prepared and calculated.

 

If you are trying to enter information about your LLC, it will depend.  If you have a single-member LLC, then it is considered a disregarded entity for federal tax purposes and would be reported on a Schedule C on your personal return.  If there is more than one member, then your tax filing requirement may differ. Please see this link for more details.

 

You can also see this link for details on entering your business expenses if your LLC is established as a single member LLC.  

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question