Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

How do I report a single member LLC on an individual tax return ?

Level 1
does a single member lllc owner file a Schdeule C with his form 1040?
0 Cheers
2 Comments 2
Level 15

If the activity of the LLC is one that would go in a Schedule C if the individual performed it, yes.

Could also be rental on Schedule E or a Farm on Schedule F, etc.

Level 15

And beware of any state filing required for a single member LLC....depends on your state.

CA requires a Form 568 & at least an $ 800 minimum tax payment (and possibly an LLC fee depending on gross receipts).  Y(S)MMV <w>

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"