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.

QBI Qualified Business Income.....personal name and business ein on the form. Problem or not?

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

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 Best answer

Accepted Solutions
DianeW777
Expert Alumni

QBI Qualified Business Income.....personal name and business ein on the form. Problem or not?

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.

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

View solution in original post

1 Reply
DianeW777
Expert Alumni

QBI Qualified Business Income.....personal name and business ein on the form. Problem or not?

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.

**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