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Updated about 13 years ago,

User Stats

1,782
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Michael Seeker
  • Investor
  • Louisville and Memphis, TN
1,019
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1,782
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LLC Tax Question

Michael Seeker
  • Investor
  • Louisville and Memphis, TN
Posted

So I just created an LLC (I can't believe how quick/easy it was). I have am the sole partner and registered as a disregarded entity.

I created the LLC in Nov of this year (2011). I will have no income, debt, funding, or ANYTHING done with this LLC until 2012. I'm not even sure why I rushed to do this, just thought I had a catchy name and went with it.

What am I looking at for filing my 2011 taxes? I had assumed I would just need to write in a big goose-egg somewhere for my business income/loss on my regular 1040 form.

Will I still be able to file the 1040EZ online stuff through taxslayer? Would it be worth extra expense to have a tax pro look at my stuff and if so, should that tax pro be versed in RE or is personal tax sufficient?

I do have 2 rental properties that aren't currently held in my LLC.

Any guidance would be greatly appreciated!!!

-Mike

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