I have worked as a consultant for a number of years.
In that capcity I am often retianed by clients as an employee due to state laws requiring officers of the Corp to be an employee and fiduciary. So most years I have W-2 income.
Sometimes I have clients that Pay me by 1099, and a percentage of the ownership in the entity. I have a subS client who pays me consulting income on an ongoing basis, but also lets me share in distributions from my work with 20% ownership in the S Corp and sends me a K-1 as a result.
I also have K-1 income from an LP that I have a small stake in.
In both cases, I work from home, and I am required to have a robust office with the attendant network security and functions one would expect.
Can I combine the 1099 and K-1 income on my Schedule C as income so that my business expenses acn be applied to both sets of income?
