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Get your taxes done using TurboTax
I guess my thought process was if I convert the Etsy and Airbnb business to the EIN and that legally allows me to use the earned income from the sales gig for these businesses, I can do that... and the benefit I see here is I reduce the self-employment tax.
Unless I am mistaken on when self-employment tax is collected and does not consider other business expenses associated with sole proprietorship (i.e. SSN). I assume it's collected on all earned income for your LLC.
‎November 15, 2022
4:54 PM