Have a Tax Question? Ask a Tax Expert
You will need to complete 4 different Schedule Cs. One Schedule C for each LLC. Indicate on the Schedule C that it is an LLC. The information from the Schedule Cs flows over to the form 1040.
Link to Schedule C/instructions:
Let me know if you require further assistance with this matter.
No, transferring funds from one business to another business is not considered income. If you need to know how to do this, you can refer to the following link;