Combining two (2) Form Cs?

[rich_zuch]

I am filling out two form Cs on my taxes and would like to just combine them into one. The expenses are pretty much spread evenly among them anyway, and it would be tough for me to say where the line is between them if pressed to do so.  A long while back I was doing it all on a single Form C, but one of the message boards I run involved a Board Of Inquiry forum that was being used to out bad guys and scammers in a particular industry.  Of course those bad guys would threaten me with lawsuits time and time again, so I figured maybe I should separate that endeavor into it's own legal entity just in case I were to actually be sued.  But for reasons not relevant here, I eliminated that Board Of Inquiry forum, along with the lawsuit threats, and right now filling out two Form Cs is just an unnecessary complication.  Sure would like to simplify things a bit.

So any caveats concerning just combining everything under the main business entity and dropping that other one?  Any hoops I need to jump through?

[ColeenD3]

If you are doing the same work for both jobs, then you would only have one Schedule C. If you are painting houses and delivering food, these are completely different types of work and you would need two.

[rich_zuch]

Well, it is all related to my website stuff.  I run several message boards and related websites.  I segregated one because of the above mentioned potential legal liability involved.  But they all share the same resources, ie: they all reside on the same server that I lease. They all run the Google Adsense and InfoLinks ads that generate revenue.  So it is really just flipping a coin as to what deductions go where when filling out the Form Cs.

[AliciaP1]

In this situation, you should be filing all your activities on one Schedule C.

[rich_zuch]

OK, thanks.

But I am in the process of trying to transfer all the figures from my secondary Form C that I want to merge into my main Form C and am hitting a snag.  How do I get the Asset Entry Worksheets linking to Line 13 Depreciation and section 179 expense deduction to move from one Form C to the other?

[PatriciaV]

Unfortunately, you cannot move depreciable assets from one business to another. You will need to add those assets to the combined Schedule C, using the information from last year's Depreciation Report.