mcardellocpacfp
Level 2
04-27-2020
06:03 PM
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Just-Lisa-Now-
Level 15
04-27-2020
06:09 PM
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SMLLC's use Sch C that is included with a 1040, is that what you're asking?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
04-27-2020
06:20 PM
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SMLLC's can also be rentals; to generate Sch E, that's Screen 18.
IF, as Lisa commented, it's a Sch C, that's Screen 16.
Then there's the random Farm, Sch F (that would be Screen 19).
And bonus question of the day - what state?
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abctax55
Level 15
04-27-2020
06:22 PM
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AND... are we safe assuming this SMLLC didn't elect to be treated as some other kind of taxable entity?
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George4Tacks
Level 15
04-27-2020
07:26 PM
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Yes. Here is a helpful link https://proconnect.intuit.com/community/help-articles/help/lacerte-individual-smllc-frequently-asked... AND, surprise, surprise, the links within in it are not broken!
If you have a different state, come back and share that with us.
Here's wishing you many Happy Returns