You'll need to sign in or create an account to connect with an expert.
Why do you have 11 businesses? Are they separate? Are you filling out separate Schedule Cs for each one? Or maybe you are entering each 1099 as a separate business?
My wife and I have 6 llc s. When you have to split each one 50/50, you end up with 12 entries.
Hmmm, I wonder if it is 10 schedule C max or 10 for each spouse? Check if each schedule C is assigned to the right person. I'll have to check my H&B program.
It would be best to click here to contact us by phone, as there is a limit as to how many can be entered using H&B with Turbo Tax.
Are these rentals ? If so those go on a Sch E and do not need to be split up on a joint return.
Or are you trying to file separate Sch C forms? If you are not in a community property state you cannot do that ... multimember LLC's must file a partnership return on form 1065.
If you can file separate Sch C's then are any of the businesses in the same field? If so you can combine them to reduce the amount of Sch C forms you need to file.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tsr-company
New Member
gaccornerolaw
New Member
doingthebooks
Level 2
EndurEHEB121
New Member
asdm855
New Member