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There is not an option for Single Member LLC?

When asked how my business is set up there is no option for single member LLC
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1 Reply
Vanessa A
Employee Tax Expert

There is not an option for Single Member LLC?

If you are a single member LLC, you should not be using TurboTax BUSINESS>  You should be using TurboTax Home and Business or TurboTax Premium online.  If you are a single member LLC and did not elect to be treated as a S- Corp, you would be filing a Schedule C instead of a 1065.  A 1065 if a partnership return. 

If you are using TurboTax Business, you will need to switch to Home and Business or Premium. 

If you chose to be treated as an S-Corp then you would file form 1120S using TurboTax BUSINESS.  

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