topic Filing business returns separately in State tax filing

Filing business returns separately

anajafi — Tue, 10 Mar 2026 07:07:34 GMT

I have 2 businesses both of which I filed as part of my personal return for the past 2 years. Do I need to do anything differently if I want to file them separate? I imagine it will raise a red flag but I want to make sure I am separating them and filing them correctly. Can I just not report them on my personal and be done?

Re: Filing business returns separately

VolvoGirl — Thu, 10 Nov 2022 04:09:30 GMT

Have you been filing them on Schedule C in your personal return? On the same Schedule C or 2 separate Schedule Cs? Unless you incorporated or set up a Partnership or LLC you can't file them separate from your personal return. You can't just change. Have you been filing them wrong the last 2 years? If you really should be filing a separate Business return you better see an accountant right away and get it straightened out. You may need to amend your returns and file prior year business returns.

Re: Filing business returns separately

anajafi — Thu, 10 Nov 2022 04:39:31 GMT

They are set up as an LLC since the beginning. An issues?

Re: Filing business returns separately

VolvoGirl — Thu, 10 Nov 2022 04:44:52 GMT

What kind of LLC? If they are a Single Member LLC they are a disregarded entity and belong on your personal 1040 return. But if you elected it to be a Single Member LLC S corp you need to file a 1120 S business return.

Re: Filing business returns separately

Hal_Al — Thu, 10 Nov 2022 13:59:17 GMT

It's essentially optional. You can file two sepaate Schedule C's or you can combine the activities onto one Schedule C.