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Business & farm
@Opus 17 wrote:
If the businesses are distinct and the taxpayer wants to keep them separate, I believe the taxpayer needs to move one of the businesses to a different LLC or take it out of the LLC and make it an unincorporated partnership that can be treated as a qualified joint venture.
I am certain the IRS could not care less how the taxpayers structure their businesses, but if the two businesses are separate and distinct, they need to file separate Schedules C for each.
‎December 21, 2020
8:11 AM