topic Do my wife & I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names & do most activities/expenses together in Business & farm

Do my wife & I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names & do most activities/expenses together

alicame33 — Tue, 04 Jun 2019 22:07:12 GMT

Do my wife & I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names & do most activities/expenses together

Yes, you will need two separate Schedule Cs only because...

DawnC0 — Tue, 04 Jun 2019 22:07:13 GMT

Yes, you will need two separate Schedule Cs only because as self-employed you each need to pay SECA ( a 15.3% of most of your net income for Social Security and Medicare ) to your individual accounts. You can use your own names as the name of business, your home as your business address ( don't forget home office deductions ). Turbo will walk you through the sequence, just make sure that you have receipts for all incomes and expenses.

topic Do my wife &amp; I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names &amp; do most activities/expenses together in Business & farm

Do my wife & I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names & do most activities/expenses together

Yes, you will need two separate Schedule Cs only because...

topic Do my wife & I have to file 2 separate schedule Cs if we operate a home based business together? We get checks in both our names & do most activities/expenses together in Business & farm