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1 reply

SharonD007
SharonD007
April 9, 2025

A single-member LLC profits and losses are reported on your Schedule C. 

 

Follow the steps below to enter your business and self-employment income.

 

  1. Open TurboTax
  2. Select Wages & Income
  3. Select Self-Employment Income and Expenses
  4. TurboTax will guide you through the interview screens to help you enter your business and income.

 

Refer to the TurboTax articles Where do I enter Schedule C?, How do I report income from self-employment?, and What self-employed expenses can I deduct? 

 

Also, you can review the TurboTax articles LLC Tax Filing Rules and Limited Liability Company Taxes for more information regarding LLCs.

 

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