Carl
Level 15

Business & farm

Business income/expenses are reported on SCH C as a part of your personal return.

Sole Proprietorships and single member LLCs are reported on SCH C with your personal return. All other business types require their own, completely separate tax return. What that separate tax return would be, depends on the type of business. S-Corp, C-Corp, Partnership, multi-member LLC, joint venture, etc....