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V
v-angelina24
March 30, 2024
Solved

Should I amend my tax return if I didn't note about my LLC, which is running in the negative?

  • March 30, 2024
  • 1 reply
  • 0 views
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Best answer by DawnC

Yes, if you are operating a business, you should include income and expenses from that activity on your tax return.      Are you a single member LLC or a multimember LLC?     

1 reply

DawnC
DawnCAnswer
Employee
March 30, 2024

Yes, if you are operating a business, you should include income and expenses from that activity on your tax return.      Are you a single member LLC or a multimember LLC?     

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    V
    v-angelina24Author
    April 1, 2024

    Thanks for the response, it is a single member LLC. Would you happen to know which form I should be looking for?

    A
    AnnetteB6
    April 1, 2024

    Single member LLCs use Schedule C to report their income and expenses as part of the personal tax return.  

     

    @v-adana24 

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