turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies