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Can a married couple file jointly if they each are self employed , each having their own business. So 2 business
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Business & farm
Yes, you can file Married Filing Jointly and TurboTax will prepare a Schedule C for each of your businesses. You will need TurboTax Self-Employed online version to prepare the return with the Schedule Cs.
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Business & farm
Is filing for 2 sole proprietor businesses available on the download version too? or only on the online version ? thks
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Business & farm
Yes. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. You should use the Home & Business Desktop Version. Home & Business is the Desktop name for the Online Self Employed version.
For the Online web version you need to use the Self Employed version to fill out schedule C for sole proprietor self employment. You can do more than 1 Schedule C.
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Business & farm
@isamom1982 wrote:
Is filing for 2 sole proprietor businesses available on the download version too? or only on the online version ? thks
Both. You can complete multiple Schedule C's with either the online Self-Employed edition or any of the desktop editions.
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Business & farm
Can a married couple file jointly if they each are self employed , each having their own business.
Yes.
If using TurboTax online version, then you "MUST" use the most costly Self-Employed version. It's the only one of the online versions that has the SCH C in it.
If using the Desktop version, then you can use any Desktop version, as they all have SCH C in them.
Being a sole proprietor has absolutely no bearing what-so-ever on your filing status.