For 2019 I received three 1099-Misc for three different part-time jobs. Only one 1099 is linked to work I did in a LLC that I started in April 2019. One of the 1099s is for work I did all year starting in January 2019 as an independent contractor. When reporting start-up expenses for my LLC in May the TurboTax software says my expenses aren't eligible. The error message reads that I can't claim start-up expenses after my business has opened. So, it seems to be recognizing my other 1099 for the year-long work starting in January as the start date for my LLC which is inaccurate. I filed all three 1099s in the Business section of TurboTax but should I file the two that aren't associated with my LLC in my personal income as additional W2s even though I don't have a W2 for those other two jobs? I was an independent contractor and received 1099s. Thanks for your help!
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If you are filing a Sch C as a single member LLC and all the income was for the same type of work then there is no rule against just putting all the 1099 income on one Sch C ... otherwise you will need to complete multiple Sch C forms.
If you are filing a Sch C as a single member LLC and all the income was for the same type of work then there is no rule against just putting all the 1099 income on one Sch C ... otherwise you will need to complete multiple Sch C forms.
If the 1099-MISC's were issued for work done in/by your SCH C business, it doesn't matter if it has your business EIN or SSN on the 1099. You can enter them all for the SCH C.
When you applied for an EIN you had to provide your SSN to the IRS so the IRS will know what SSN that EIN is tied to. Since they know, it's not an issue.
In the future, I would recommend that you never, under any circumstances provide your SSN to any of your business clients. That's why you got an EIN for the business.
If someone abuses your SSN, they can destroy your entire life.
If someone absues your EIN, then that only affects the business.
Never provide your SSN to a client under any circumstances, and with no exceptions. They get your EIN only, or they can go elsewhere.
If you are self-employed, you are required to keep accurate business records of your income and expenses and report all your income and expenses, even if you don’t receive tax reporting paperwork.
If all of the work is similar and can be basically considered one business, then you can report all the income under one schedule C, as long as this is a single-member LLC treated as a disregarded entity. For example, driving for Uber, Lyft, and DoorDash could all be combined under one business, since the income and expenses and functions of the business are similar.
However, if the nature of the businesses are sufficiently different, then you would need a separate schedule C for each business that only listed the income and expenses that were specific to that business. For example, if one of your jobs was as a providing Landscaping and lawn mowing services, and the other job was as a web designer.
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