'The aerial view can be difficult. The information is difficult to draw because there is so much information with lots of windows, park areas and buildings. 'I like London landmarks like the Houses of Parliament, St Paul's and Tower Bridge.
Step 1. File profit or loss from business on Schedule C. As a member of an LLC, you must report business income on Schedule C to Form 1040. This form contains lines that help you calculate your profit or loss and deduct appropriate expenses.
How LLC Members Are Taxed. LLC owners report business income and losses on their personal tax returns. updated by Diana Fitzpatrick, J.D. A limited liability company (LLC) is not a separate tax entity like a corporation; instead, it is what the IRS calls a pass-through entity, like a partnership or sole proprietorship.