Will the business income be reported within the form 1040 on Schedule C Profit or Loss From Business?
Or will the business income be reported on it's own tax return, such as a C corp, an LLC or an S corp?
Business income or loss reported on those forms must be prepared first because the income or loss flows to the personal form 1040 income tax return.
See also How do I report income from self-employment?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
