Skip to main content
March 20, 2025
Question

Should I file form 3115 MTM accounting designation under my LLC or under my name as a member of the LLC?

  • March 20, 2025
  • 1 reply
  • 0 views
No text available

1 reply

March 20, 2025

Assuming your are a single member LLC, you would file using your name.  A single member LLC is considered a disregarded entity by the IRS.   

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 20, 2025

Thank you, would you be able to walk me through completing some of the questions after the second page of the form or is there a link where turbotax will walk me through it?

PatriciaV
Employee
March 23, 2025

Because Form 3115 is not supported by TurboTax Online in the interview, if you are not already using the desktop version, you may wish to switch TurboTax Desktop (where it is available in Forms Mode). Consult the instructions for this form: Instructions for Form 3115.

 

This is a complex form, and you may consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"