NYS/NYC Unincorporated Business Tax Return

Forum|Forum|10 months ago
May 21, 2025
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I live in NJ but have a Single member LLC that conducts all business in NYC. Gross sales are less than 95,000 annually. Do I need to file any type of NYS/NYC Unincorporated Business Tax Returns?

JotikaT2

No, single-member LLC's are treated the same in New York as they are for federal purposes. Any income and expense from New York city sources would be reported as if the business was a sole proprietor and will be reported on your nonresident New York state and city personal return when you complete your individual tax returns.

Any taxes paid in New York can be claimed as a credit on your resident New Jersey tax return so you are not subject to taxes on the same income twice. Please see this FAQ for guidance on how to do this within TurboTax.

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