xuan150279
Level 3
12-06-2019
09:34 PM
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The LLC is located in Georgia. How to file schedule C with single-member LLC ? thank you
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IRonMaN
Level 15
12-06-2019
09:34 PM
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No, there is no "salary" for a single member LLC, unless they elected to be taxed as an S corp. What he or she took out as a draw doesn't mean much since they are taxed on their income, not their draws.
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