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LLC – Possible Repercussions in IRS
Form 8832.
An LLC that is not automatically Single-member LLC.
classified as a corporation and
does not File Form 8832 will be Form 1040 or 1040-SR
classified, for federal tax 1 Schedule C. Profit or Loss
purposes under the default from Business (Sole
rules.. 2 Proprietorship)
4
Single-member LLC.
Form 1040 or 1040-SR 3
Schedule F. Profit or Loss Single-member LLC.
from Farming
Form 1040 or 1040-SR
Schedule E. Supplemental
Income or Loss
