Tax Return says ( Ready to Mail)

lazg · ‎March 6, 2023

Im in Florida and last year I opened an LLC. I did the taxes today and I reported the LLC gain/losses together with my taxes.

I see that the Federal E-File has been accepted but them next to it I have FL State Printed saying "Ready to Mail"

Do I need to send my taxes back to the IRS because I reported an LLC or where do I even send that because on TurboTax it doesn't say.

Please see the image.

HopeS · ‎March 6, 2023

Single-member LLCs are automatically taxed like sole proprietorships. The LLC's income and expenses are reported on Schedule C of their personal income tax returns. Next, the net profit or loss will need to be reported under the income section of U.S. Individual Income Tax Return Form 1040. Since there is no income tax on individuals you are not required to file a State Income Tax Return. You only need to file your Federal return as a Florida resident.

Here is some helpful information about LLC:

LLC Overview

@lazg

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HopeS · ‎March 6, 2023

Single-member LLCs are automatically taxed like sole proprietorships. The LLC's income and expenses are reported on Schedule C of their personal income tax returns. Next, the net profit or loss will need to be reported under the income section of U.S. Individual Income Tax Return Form 1040. Since there is no income tax on individuals you are not required to file a State Income Tax Return. You only need to file your Federal return as a Florida resident.

Here is some helpful information about LLC:

LLC Overview

@lazg

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