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Level 1
March 13, 2020
Question

multiple business

  • March 13, 2020
  • 1 reply
  • 0 views

how do I setup and report a second business?

1 reply

VolvoGirl
Level 15
March 13, 2020

To add another business or Schedule C….

Go to Business tab-Continue

Business Income and Expenses

Profit or Loss from Business, click Start or Update.  

 

You should see the Business Summary page that lists your businesses, right below the list you can Add Another Business.

 

Be sure to add it under the right spouse if you are married.

Level 2
March 18, 2020

OK, I clicked on the business tab, clicked continue, and instead of what you said would be there the software asks "How do you want to enter your business income?" How do I get to the list of businesses from here?

VolvoGirl
Level 15
March 18, 2020

Oh, I missed a screen.  Does it offer you 2 choices - Walk though Everything or I'll choose what I work on?  Pick the right side one, I'll choose what I work on.

Then if you get a screen saying Income reported on 2018 just continue past that one.

 

THEN on the top of the next screen click on the top one, Business Income and Expenses - Update  

Have you filled out the first business?  You might have to go though a screen asking if you want to.  Just say no and keep going until you get the screen like this.....