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Business & farm
My LLC is a single-owner entity (not a partnership), and was created mid-year. I have 1099-NEC payments to both my old sole prop and my new LLC. Are you saying I can track all of that on a single Schedule C and continue reporting business vehicles the same as I did last year?
My sole prop simply uses my SSN while my LLC has an EIN and new business name.
I was under the impression I needed to create a new Schedule C for the LLC, hence my concern about how to expense the same business vehicles against both Schedule C's. If I only need a single Schedule C that would be great!
‎April 10, 2022
10:39 AM