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uptown999
April 6, 2020
Question

How/where do I separate small business income from personal income

  • April 6, 2020
  • 1 reply
  • 0 views
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1 reply

Carl11_2
Carl11_2
Employee
April 6, 2020

If you have a sole proprietorship or single member LLC, all business income/expenses is reported on SCH C as a part of your personal 1040 tax return. It does not matter if you file a joint return either.

If using online TTX, you must use the self-employed version.

If using the CD version of TTX, you can use Premier or Home & Business version.

 

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