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Anonymous
February 12, 2021
Question

Should a S-Corp with 2 businesses just file one 1120s with both incomes or do one separately for each business?

  • February 12, 2021
  • 1 reply
  • 0 views
The 2 businesses are flipping homes and driving for Uber. I have kept track of expenses and income for each one. But as I get ready to file, I just thought it would be better to combine them but I am not sure.

1 reply

M
MinhT1
February 12, 2021

For a S-Corp, you are required to file one form 1120S. So you combine the incomes and expenses of the two activities.

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