@SyberKnight wrote:
OH! so, for example,
- the Schedule C using SSN is for legal assistance.
- the Schedule C using EIN is for technology assistance.
i could not just combine these into 1 Schedule C then?
and to be clear, the technology assistance one is NOT much at all. maybe just a few thousand dollars for the whole year.
Different business activities need different schedule Cs. (However, they could all be under your SSN, or one SSN and one EIN, or get a new different EIN for the second business).
The point here is, you can deduct "ordinary and necessary" expenses. Are the expenses similar enough that "tech assistance" and "legal assistance" have the same kinds of expenses, or are they different.
For example, if your two jobs were tutoring math, and landscaping, they would definitely need separate schedule Cs because the kind of work and the nature of the expenses are really very different. However, if your jobs were uber, Lyft and doordash, they have very similar expenses, even though 2 are passenger services and one is general delivery, the expenses and sources of income have a lot of overlap, and it would be reasonable to combine them in my view.
Only you can determine if "legal advice" and "technology advice" have enough overlap in the character of the work and the nature of the "ordinary and necessary expenses" that you can combine them.
