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.

pilotman1
Returning Member

foreign-owned SMLLC earnings and bank account

i am a turkish citizen, i live in turkey. i established SMLLC in wyoming. i develop mobile software with my SMLLC company and i publish these mobile software that i develop on google play store and apple store and i earn income by selling through paid subscriptions through this application. can i take this income to my personal bank account and spend it directly without reporting it anywhere? or do i need to open a bank account in the name of LLC and take my earnings to this bank account? and do i need to record these expenses while spending? thanks...

 

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
Vanessa A
Employee Tax Expert

foreign-owned SMLLC earnings and bank account

If you are earning income in the US, from US sources, even though you are not living in the US or a Resident of the US, you would need to report this income.  As a non-resident, this income would be reported on form 1040 NR.  TurboTax does not support the 1040NR, but our partner Sprintax does and can help with your non resident return. 

**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