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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.
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RobertG
Expert Alumni

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?

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.

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2 Replies
RobertG
Expert Alumni

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?

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.

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

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?

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

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