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Level 2
March 16, 2021
Question

NC LLC business

  • March 16, 2021
  • 3 replies
  • 15 views

I just started my LLC last year and was able to tutor one student. $100.00 for the year. I am not a corporation. How do I file taxes for NC this year?

    3 replies

    ColeenD3
    Level 15
    March 16, 2021

    If you filed a Schedule C on your 1040, it will carry over to the state return. Being an LLC does not change the behavior of Schedule C.

    johertelAuthor
    Level 2
    March 17, 2021

    I appreciate your answer so quickly. So I don't have to complete any paperwork for NC? Correct? Other than the Schedule C, which was complete. Thanks.

    ColeenD3
    Level 15
    March 17, 2021

    That's correct. An LLC is a disregarded entity for the IRS. Unless you choose another form of taxation, such as a corporation, you don't need to do anything else.