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msmucker
New Member

Married filing jointly, with separate sole proprietorships, how do we add these businesses in Turbotax? Do I add my spouses business under my information?

 
2 Replies
SeanE1
New Member

Married filing jointly, with separate sole proprietorships, how do we add these businesses in Turbotax? Do I add my spouses business under my information?

You would create a married filing jointly, (MFJ) tax return and produce two Schedule C's, one for your business and one for your spouse's business. Then Turbotax takes the net income/loss from both businesses and combines the result on your MFJ 1040.

SeanE1
New Member

Married filing jointly, with separate sole proprietorships, how do we add these businesses in Turbotax? Do I add my spouses business under my information?

You would create a married filing jointly, (MFJ) tax return and produce two Schedule C's, one for your business and one for your spouse's business. Then Turbotax takes the net income/loss from both businesses and combines the result on line 12 your 2016 MFJ 1040.

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