Question

Single LLC and W2 Filing

Forum|Forum|1 year ago
February 21, 2025
2 replies
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I work a full time W2 job and I started a part time single LLC. Would I use the Home and Business (self employed) or Business (LLC) tax software?

rjs

Employee

You need Home & Business for your W-2 and single-member LLC. TurboTax Business is only for partnerships, corporations, trusts, and estates. It does not handle a single-member LLC unless the LLC has elected to be treated as a corporation (S corp or C corp) for income tax purposes.

VolvoGirl

Employee

It depends on if you set up your Single Member LLC (SMLLC) as an S corp. If you did you need to file a separate 1120-S Business return using the Business program. Otherwise it is a disregarded entity and you file it on Schedule C as self employment in your personal tax return.