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Get your taxes done using TurboTax
@cmallow17 wrote:
Thank you @Kelly Thomas C and @Opus 17 ! 🙂
I will note that, because you formed 2 LLCs, you must keep them separate. If you had not formed LLCs, you would file based on the type of business and the nature of the expenses and income.
For example, suppose you drive ride share on weekends, and do landscaping during the week. You would generally file that as two separate schedule C businesses because the work, the income, and the kinds of expenses are so different. If you drove for Uber and Lyft, you could generally combine them as one schedule C for "ride share" because it's' the same work for 2 different vendors. However, if you decided to form 2 separate LLCs for your Uber and Lyft activities, you have to report them separately.
hope that clarifies.