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Schedule C for wife and husband
My wife and I are doing Uber and filing taxes jointly, should we file two scheduleC's or can we file one joint schedule C since we are filing jointly. Also, we are using 2 cars for business. please help me to get out of this
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Schedule C for wife and husband
Mr. Kondamuri, you will need two separate schedule -C only because as self-employed you each need to pay SECA ( a 15.3% of most of your net income for Social Security and Medicare ) to your individual accounts. You can use your own names as name of business , your home as your business address ( don't forget home office deductions ). Turbo will walk you through the sequence -- just make sure that you have receipts for all incomes and expenses. Good Luck