topic Combining Schedule C in Business & farm

Combining Schedule C

RaggedyAnnie — Wed, 11 Feb 2026 09:36:02 GMT

I have two Schedule Cs. One for Vocalist/Musician, one for Voice Over talent, same business code. Should I combine them? If so, how do I do that?

Re: Combining Schedule C

jhunt4 — Wed, 22 May 2024 22:53:21 GMT

Reporting income from similar streams of income can be reported on a single Schedule C. However, a musician would typically report income under NAICS Code 711110, while Independent Artists, which voice actors would be considered, typically report income under NAICS Code 711510. These two types of work are different enough to require separate Schedules C.

To confirm which codes are most appropriate for each of your streams of income, the NAICS Association's site would prove useful.

Re: Combining Schedule C

RaggedyAnnie — Wed, 22 May 2024 22:57:52 GMT

711110 seems to be for dinner theatre performers

Re: Combining Schedule C

RaggedyAnnie — Wed, 22 May 2024 23:06:30 GMT

Ok I see it as 711310, different from acting, which I guess is voice over. It was recommended to me by a Turbo Tax adviser that they were close enough I could combine.

Re: Combining Schedule C

jhunt4 — Wed, 22 May 2024 23:12:58 GMT

After reviewing the options for both lines of work, if you believe there is one NAICS code that encompasses them, you would simply discontinue reporting the income of one of them on its own Schedule C going forward. Combine your income and expenses from both when preparing your tax return under the code you believe is most appropriate. TurboTax software will prompt you to answer questions regarding "discontinuing" the work of one. This simply means you will no longer be reporting that income and associated expenses on a separate Schedule C.

Re: Combining Schedule C

RaggedyAnnie — Thu, 23 May 2024 00:11:30 GMT

What happens to any depreciating items?

Re: Combining Schedule C

Anonymous — Thu, 23 May 2024 19:18:42 GMT

Good afternoon, RaggedyAnnie!

You asked about how to report the depreciable assets from the separate Schedule C that you are combining into another Schedule C.

You will need to enter the assets, into the asset expense section of the combined Schedule C form.

You will need to report them exactly as they were originally reported on their original Schedule C.

Make sure you get the prior depreciation entered in correctly, and use the original date of service, cost, type and description. All of the depreciated assets need to be transferred over, even if they were fully depreciated, to ensure they are properly handled when they are sold or disposed of.

The date placed in service, the type of asset, its cost basis, and total prior year depreciation, can all be found on form 4562 Depreciation worksheets.

For further information on this topic please see:

Depreciating Business Assets

Reporting Self Emplyment Income and Expenses

Schedule C tax tips

Hopefully this helps!

Terri Lynn, EA

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