My QBI form on turbo tax shows my personal name under the business name part, but my single member llc EIN is on the same form. Will this matter?
I usually add my EIn to schedule C and as it is a path through llc I guess it wouldn't matter but #anxiety so thought I'd ask.
Just wondering if it HAS to be my business name on QBI or if how turbo tax filled it in is fine with personal name and ein etc.
Thanks
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No, it will not matter. It's not necessary to enter the EIN on your Schedule C because a single member LLC (SMLLC) is considered a disregarded entity for tax purposes, however it can be listed if you choose.
No, it will not matter. It's not necessary to enter the EIN on your Schedule C because a single member LLC (SMLLC) is considered a disregarded entity for tax purposes, however it can be listed if you choose.
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