Change Business Owner

Forum|Forum|4 years ago
February 25, 2022
2 replies
30 views

We own a small business and file under my husband's SSN, I want to change the owner to myself for 2021 and see I can select who owns the business. If I select myself, are there other forms I need to complete. Selecting myself doesn't change the SSN number the business if filed under. We don't have any employees and we both contribute 100% to the business, we don't have an EIN or LLC.

TurboTax Business Windows

FangxiaL

Level 10

Report the business under your SSN,

Open or continue your return
Click on Show more next to Self-Employment under the Income & Expenses section
Click on Start/Revisit next to Self-employment income and expenses
On the screen that says Tell us the type of self-employment work you do, select your name below the question Who did this work or owned this business?
Continue.

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AmeliesUncle

Level 15

Can you clarify your situation? You said "we" own the business that that you both work for it. And you posted that you are using the "Business" version.

So it sounds like you are BOTH owners.

Are you filing this as a Partnership on Form 1065?