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Level 1
September 19, 2020
Question

Which form to use?

  • September 19, 2020
  • 7 replies
  • 20 views

Which form can I use to file for " single member limited liability company (LLC)"?

This topic has been closed for replies.

7 replies

Just-Lisa-Now-
Intuit Community Champion
September 19, 2020

SMLLC is a disregarded entity for tax purposes, you'll report it the same as a sole proprietor on Schedule C.

Your state may have additional filing requirements for LLC's.

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George4Tacks
Level 15
September 19, 2020
Maybe on Schedule E or F?
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Level 2
September 19, 2020

Only 1 person on the LLC you would file a Schedule C for that LLC.

Check your State to see what other filings have to be done.

dd4vols
Intuit Community Champion
September 22, 2020

Only 1 person on the LLC you would file a Schedule C for that LLC.

Check your State to see what other filings have to be done.

 

I have (2) Single Member LLCs that are Schedule F.   

And for some reason, ProSeries will only let you file the state LLC  for a sch F for the states of Cali & Texas... which does me no good in Tennessee.

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qbteachmt
Level 15
September 19, 2020

We need more details. That single member can be a person, another entity? And as pointed out, the type of operation matters, for which form(s) apply.

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Accountant-Man
Level 13
September 19, 2020

A SMLLC can also file as a C corp or as an S corp.

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