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I have 2 businesses. Do I need to file 2 schedule c's? Where do I deduct health insurance premiums?
1 business is profitable, the other is not.
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posted
June 4, 2019
2:09 PM
last updated
June 04, 2019
2:09 PM
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I have 2 businesses. Do I need to file 2 schedule c's? Where do I deduct health insurance premiums?
Yes, if they are different types of work or an LLC. If they are the same type of work, they can be entered on one Schedule C. Unless your premiums are paid through the Marketplace or Medicare, enter them under expenses for the profitable company. See the screen shots below.
June 4, 2019
2:09 PM
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