Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 25, 2020 10:26:06 AM

I have a LLC holding company that is only credit cards. There were fees to create the company. There is no income. How do I enter this data when filing for my return?

I'm looking for specific directions on how to enter the EIN and expenses into TurboTax.

0 2 1174
1 Best answer
Expert Alumni
Apr 27, 2020 11:38:02 AM

If it is a single member LLC, (that is, if you are the only member), you can report your business on schedule C, as income from self employment.

 

As you are entering your Schedule C business information you will be prompted to enter your EIN, income, and expenses.

2 Replies
Expert Alumni
Apr 27, 2020 11:38:02 AM

If it is a single member LLC, (that is, if you are the only member), you can report your business on schedule C, as income from self employment.

 

As you are entering your Schedule C business information you will be prompted to enter your EIN, income, and expenses.

New Member
Apr 28, 2020 6:47:12 AM

For others want to know how to get to the Schedule C in Turbotax, search "Schedule C", and then click, "Jump to Schedule C".