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I am the only member of my LLC, so as a Sole Proprietor can I use the “Home & Business” product?

Forum|Forum|2 years ago
February 6, 2024
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TurboTax Online

Best answer by ThomasM125

Yes, you will report your income as self-employment income. Look for that option in the Wages and Income section of TurboTax.

Yes you can. You have self-employment income.

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

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ThomasM125Answer

Yes, you will report your income as self-employment income. Look for that option in the Wages and Income section of TurboTax.

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robatussinAuthor

Thank you! I guess I was hoping to see “LLC” someone on the product to be sure before I opened it up! 🙂

Yes if you are a Single Member LLC and did not select to be an S corp you file a schedule C in your personal tax return. You can use either the Online Premium version or any Desktop program, but the Home & Business program will have the most help.