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Level 2
Mar 16, 2021 2:24 PM UTC
Question

NC LLC business

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
    Alumni - Intuit
    Mar 16, 2021 3:17 PM UTC

    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
    Mar 17, 2021 12:54 PM UTC

    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
    Alumni - Intuit
    Mar 17, 2021 2:09 PM UTC

    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.