foreign-owned SMLLC earnings and bank account

Forum|Forum|1 year ago
March 29, 2025
1 reply
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i am a turkish citizen, i live in turkey. i established SMLLC in wyoming. i develop mobile software with my SMLLC company and i publish these mobile software that i develop on google play store and apple store and i earn income by selling through paid subscriptions through this application. can i take this income to my personal bank account and spend it directly without reporting it anywhere? or do i need to open a bank account in the name of LLC and take my earnings to this bank account? and do i need to record these expenses while spending? thanks...

Not A Product Question

Vanessa A

If you are earning income in the US, from US sources, even though you are not living in the US or a Resident of the US, you would need to report this income. As a non-resident, this income would be reported on form 1040 NR. TurboTax does not support the 1040NR, but our partner Sprintax does and can help with your non resident return.

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