turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

Under the employment area when trying to figure out what I need. I have an LLC but not a multi-member. Do I select "I'm 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.

3 Replies

Under the employment area when trying to figure out what I need. I have an LLC but not a multi-member. Do I select "I'm self-employed"?

Yes, you are self employed. 

CatinaT1
Employee Tax Expert

Under the employment area when trying to figure out what I need. I have an LLC but not a multi-member. Do I select "I'm self-employed"?

Yes, you are self-employed. 

 

A single member LLC is a disregarded entity which means the income and expenses are passed through to you directly. An LLC is a legal classification and not a tax classification.

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

Under the employment area when trying to figure out what I need. I have an LLC but not a multi-member. Do I select "I'm self-employed"?

If your Single Member LLC wasn’t set up as an S Corp it is a disregarded entity and you file it as self employment on Schedule C.

 

You can fill out Schedule C and enter 1099NEC or Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question