Question

Single member llc zelle transactions

Forum|Forum|2 years ago
April 12, 2024
1 reply
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I have single member LLC and transactions are done through zelle on business account. But there are any generated receipts of transactions as such. How do I report this income in schedule C ?

Also is my income fall under QBI

TurboTax Home & Biz Windows

HollyP

You can enter it in the Business Income section under General Income, which is specifically for income not reported on other forms.

Also, it's likely that you will qualify for QBI as a small business. Follow these instructions to confirm in TurboTax.

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