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Sole proprietor
I am a sole proprietor that does OTR trucking, I also file a schedule F for my farm. Should I be putting my trucking income in my schedule F or on personal income or file a schedule C also? My trucking business is not a registered business.
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February 17, 2021
10:34 AM
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Business & farm
If your OTR trucking is to a part of your farm, such as delivering your product, then it belongs on Schedule F.
If your business is unrelated to the farm, file a Schedule C for your income and truck expenses.
To set up your business:
- Open or continue your return.
- Search for schedule c and click the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work.
- Follow the onscreen instructions.
February 17, 2021
10:47 AM