Personal Finance
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply
![Devante S.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1794749/1621515622-avatar-devantes3.jpg?twic=v1/output=image/crop=1365x1365@0x183/cover=128x128&v=2)
How do I file personal and LLC taxes as a first-timer?
Hi everyone, maybe a rookie question here, but I had a W2 for a good portion of 2023 and also had a self-employed business for the other half. How exactly do you file taxes when you have a 9-5 but also generate income from self employment? Maybe some of you here who kept a day job but also generate income from investments can help me understands the basics of this. My primary question is whether I should do completely separate filing or if I need to do this all together at once so as to report all income and deductions on one single filing, or if I can treat this as separate entities.
I'm hoping this also helps me lay a better ground work for how taxes may work as I grow as an investor.
Thanks in advance.
Most Popular Reply
![Randall Tannen's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2424166/1708277950-avatar-randallt_nys.jpg?twic=v1/output=image/crop=1080x1080@0x0/cover=128x128&v=2)
@Devante S. assuming you operated as a sole proprietor or through a disregarded entity for tax purposes (e.g. SMLLC), the income and deductions from self-employment will be reported on your 1040 Schedule C and not separately filed.