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Sole proprietor

I am a sole proprietor that does OTR trucking, I also file a schedule F for my farm.  Should I be putting my trucking income in my schedule F or on personal income or file a schedule C also? My trucking business is not a registered business.

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Accepted Solutions
ColeenD3
Expert Alumni

Sole proprietor

If your OTR trucking is to a part of your farm, such as delivering your product, then it belongs on Schedule F.

 

If your business is unrelated to the farm, file a Schedule C for your income and truck expenses.

 

To set up your business:

  1. Open or continue your return.
  2. Search for schedule c and click the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work.
  4. Follow the onscreen instructions.

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1 Reply
ColeenD3
Expert Alumni

Sole proprietor

If your OTR trucking is to a part of your farm, such as delivering your product, then it belongs on Schedule F.

 

If your business is unrelated to the farm, file a Schedule C for your income and truck expenses.

 

To set up your business:

  1. Open or continue your return.
  2. Search for schedule c and click the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work.
  4. Follow the onscreen instructions.
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