@djlex2 wrote:
I may be reading into the term "business" too much. To me, that means an entity. And this would be the first year I've seen them manage it in such a fashion. It's a fairly big change.
Thanks for your replies. I appreciate it!
Your ongoing business activities make it a business, not a particular legal structure. It sounds like you have two separate businesses with different activities and income streams, one of which is organized as a single member LLC and the other is an unorganized sole proprietorship. You need two schedule Cs on your tax return, one for each business activity.
Your spouse also needs a schedule C for her LLC (if it is a single member LLC) so if you are filing jointly, you will have 3 total Schedule Cs attached to your 1040.
No one here can see your return so we can't see if you have done something wrong to cause your income to double. You may need to clear and start over or contact customer support who can do a screen share with you.
