Question

Filed 2 Schedule C’s

Forum|Forum|3 years ago
July 11, 2022
3 replies
0 views

Sled-prepared my taxes this year and just noticed today that I have two schedule Cs. I only have one business but two 1099 forms. Is this an issue and should I amend? The total incomes are all correct, just for whatever reason it compiled one 1099 per Schedule C.

M

Mike9241

technically incorrect but since there would be no change to your return if combined there's no reason to amend.

M

Mike9241

I should have added next year you need to delete 1 schedule C and link all 1099's to the one that remains.

VolvoGirl

Employee

Did you get to deduct all your expenses on one C or the other? Some expenses are limited to the income on the schedule C. So you might need to have all the income on the same schedule C.

A

Anonymous_

Employee

@VolvoGirl wrote:

Some expenses are limited to the income on the schedule C. So you might need to have all the income on the same schedule C.

I believe a user would only run into this issue in the event the home office deduction was claimed. In other instances, such as the Section 179 limitation, the program makes the proper adjustment.

O

Opus 17

Employee

In general, you need one schedule C for each business. You can combine similar businesses on one schedule C, but if you have different businesses you need to keep the income and expenses separate. For example, if you drive for Uber, Lyft and Doordash, you can combine that on one schedule C under "ride share" since the income and expenses are similar. But if you have a lawn care business and drive ride share on the weekends, those need to be under separate Schedule Cs.