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I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

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Fern
New Member

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

Yes. You need to include the Form K-1 in your personal tax return. The LLC will issue this K-1 as part of it's tax filing.

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Fern
New Member

I am a 5% LLC business owner, do I need to wait for the business taxes to be done prior to doing my personal taxes?

Yes. You need to include the Form K-1 in your personal tax return. The LLC will issue this K-1 as part of it's tax filing.
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