Reporting 1090-INT income on 1040 for single member LLC

[Todd Michael]

In 2014 I created a single member LLC for the sole purpose of using to invest in crowdfunding opportunities. Since its a single member LLC and for tax purposes is classified as a sole proprietorship LLC, all revenue just passes through to my individual tax form. But, I've received a couple of 1090-INT's with my LLC's EIN (not my SSN) and am not sure where to report. Is it on my Schedule B with interest income earned by my SSN? Is it on the Schedule C, and if so, where? Other income? Seems like there I can't itemize the 1090-INT's.

I will say that I set this LLC as a way to just isolate this activity, but was a bad idea. It just overly complicates things for no benefit. But, what's done is done.

TIA for any help.

Todd M.

[Steven Hamilton II]

Originally posted by @Todd Michael:

In 2014 I created a single member LLC for the sole purpose of using to invest in crowdfunding opportunities. Since its a single member LLC and for tax purposes is classified as a sole proprietorship LLC, all revenue just passes through to my individual tax form. But, I've received a couple of 1090-INT's with my LLC's EIN (not my SSN) and am not sure where to report. Is it on my Schedule B with interest income earned by my SSN? Is it on the Schedule C, and if so, where? Other income? Seems like there I can't itemize the 1090-INT's.

I will say that I set this LLC as a way to just isolate this activity, but was a bad idea. It just overly complicates things for no benefit. But, what's done is done.

TIA for any help.

Todd M.

 You would purely report that on Form 1040 as you would any other interest on Schedule B.