Can I file more than 1 schedule C with my tax return? I have 2 distinct businesses. Any special forms needed?

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Can I file more than 1 schedule C with my tax return? I have 2 distinct businesses. Any special forms needed?

2006-10-15 07:57:16 · 2 answers · asked by usrefinance 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

You can indeed file two (or more) Schedule C's with your tax return - a seperate one for each business, just as you expected.

You will only file ONE Schedule SE, however. It computes the Social Security and Medicare (Self Employment tax) based on the combined total of all Schedules C and F. I have attached the IRS tax guide for Small Businesses. Let me know if I can be of further assistance.

2006-10-15 08:06:08 · answer #1 · answered by Katie Short, Atheati Princess 6 · 1⤊ 0⤋

She's right, you can file more than one.

2006-10-15 20:17:14 · answer #2 · answered by porkchop 5 · 0⤊ 0⤋