The On-Demand Tax Guidance for Form 8881 states: "If this credit...relates to more than one of these activities, enter the qualified startup costs on line 1. " In other words, do not link Form 8881 to Schedule C. Instead, combine the information for both businesses on Form 8881.
Also, "This credit must be subtracted from the expense amount claimed for small employer pension plan startup costs on a Schedule C, Schedule F, or Form 4835." Because you are unable to link Form 8881 to more than one business, the program will NOT handle this adjustment automatically.
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