Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- How do I report a single member LLC on an individual tax return ?
How do I report a single member LLC on an individual tax return ?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
GPEARCE
Level 1
08-31-2022
07:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
does a single member lllc owner file a Schdeule C with his form 1040?
Labels
2 Comments 2
sjrcpa
Level 15
08-31-2022
08:25 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
The more I know, the more I don't know.
abctax55
Level 15
08-31-2022
08:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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>
HumanKind... Be Both
