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szie21707
Level 3

Single Member LLCs

We are Husband & Wife & we each own a single member llc. One LLC is registered to Husband and another LLC is registered to Wife. Do we each have to file married filing separately? Or can we file as married and each report our LLCs on one individual tax return?

1 Best answer

Accepted Solutions
Bsch4477
Level 15

Single Member LLCs

File jointly. You would complete 2 Sch C’s on your joint return each reporting your separate LLC income. 

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6 Replies
Bsch4477
Level 15

Single Member LLCs

File jointly. You would complete 2 Sch C’s on your joint return each reporting your separate LLC income. 

szie21707
Level 3

Single Member LLCs

That's what I thought @Bsch4477 . However, it looks like ProSeries does not support multiple single member LLCs.

Thank you very much for your response & confirmation.

rjs
Level 15
Level 15

Single Member LLCs

A single-member LLC is disregarded for income tax purposes. It's called a "disregarded entity." That means that you report it on your personal Form 1040 joint tax return the same as if it were a sole proprietorship or self-employment. You don't enter anything in your tax return to indicate that it's an LLC.


I'm sure ProSeries allows you to enter self-employment income separately for each spouse, producing a separate Schedule C for each spouse. But this is the TurboTax Community. If you need help with ProSeries you should post your question in the ProSeries Community.

 

szie21707
Level 3

Single Member LLCs

https://proconnect.intuit.com/support/en-us/help-article/electronic-filing/generating-e-filing-singl...

 

This is the link provided by a ProSeries customer service rep.

 

On Schedule C, there is a box you must check to indicate that the Schedule C is an LLC in CA.

And CA will only populate one LLC also. The second LLC does not populate.

ProSeries does not support multip

rjs
Level 15
Level 15

Single Member LLCs

We cannot help you with ProSeries here in the TurboTax Community. Please post your question about ProSeries in the ProSeries Community. When you post in the ProSeries Community, be sure to say that you are talking about the California tax return. You did not say that in your earlier posts here, so you got answers for the federal return.

 

szie21707
Level 3

Single Member LLCs

Understood, I appreciate your responses. Thank you for your help on this.

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