Product and forms to use

[praxisknight]

I own a single person LLC that did not produce any profit in 2019.  But, I received income from numerous websites (surveys,  running apps, etc.)  This income was made under my name not under my LLC name and I did not receive enough from any one source to receive a 1099-MISC. What form do I use to report this income and what turbotax products could I use?

[RobertG]

A single member LLC reports income and expenses on Form 1040 Schedule C.  

To report both income and expenses from self employment you will need TurboTax Self-Employed for online, or Home & Business CD/Download.

If you are reporting income only and no expenses you can use Deluxe or Premier.

See compare forms for a comparison of forms used by each version of TurboTax.

[praxisknight]

So, even though I did not have any income through the LLC, I would still use the Schedule C to report this income that was made under my name?  Also, would I enter the LLC name in the Schedule C even though I did not have any profits or use my name?  Finally, could I use Turbotax Freedom to file my taxes?  Thanks.

[MaryK4]

RobertG's answer applies to the LLC, but if you are talking about general income you received under your name for non-LLC related income you would not enter it under the LLC Schedule C.  You would either create a different LLC.  If it was not a "business" you could enter as Miscellaneous Income.

If you have not already done so, you will want to close out the LLC.  See Closing a Business for this you would not be able to use TurboTax Freedom.

@praxisknight

[praxisknight]

OK. So in Turbotax Deluxe I can report my LLC income as $0 (I had no expenses) and in the 1040 report this other income as miscellaneous income.  Correct?

[MaryK4]

Yes, the LLC can report zero income/expenses and the rest as Miscellaneous Income. 

@praxisknigh