Self employed

"Line of work" should I enter one line for same kind of work but 2 different LLCs in 2 different states for partial residency due to movement across states? I have 2 different 1099 from vendor towards the 2 separate LLCs as part of contractual work done while being part time resident in 2 states during the year.

My husband is a sole proprietorship with two employees. We file a 1040 with a schedule C each year. Each paycheck, salary referrals are taken from the employees and submitted monthly with a 3% match for a simple IRA. For my husband to contribute, is it acceptable and correct to submit a 3% employer contribution of his schedule C profit by January 30 along with whatever personal amount up to the limits for that year?

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t find this section in the declaration

I paid my 2023 Tennessee Business Tax in Jan 2024. Can I deduct this business tax expense in 2023?

I received both a 1099 NEC and a 1099 MISC from the same employer for a lawsuit settlement for back wages.  When I tried to enter the 1099 NEC in TurboTax Deluxe and checked the box for a lawsuit settlement and entered the amount, it wanted me to fill out a Schedule C which does not have means of saying it's for a settlement.  How do I resolve this issue?

This is from my financial intuition for my investment account

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I am having the same is as well regarding the reporting of SIMPLE Plan contributions on my tax return.  I have completed my Tax Returns, but cannot file since I have to wait on the Update.  When will the Update be completed?

I started working with my husband 10 years ago.  When I joined the business, we set it up as a Qualified Joint Venture, split 60/40.  About 3 years later, we changed the percentage to 80/20 since I wasn't working as much as I anticipated I would (I do make sure I meet the IRS requirements for materially participating in the business). I am wondering if we can change the percentage again?  I don't see anything in the IRS literature that addresses this.  Thanks in advance.  

I have been self employed for over 30 years and have always filed a Sch C.  I have accrued some carry over losses.  Last year because of some health issues my gross revenue was $0.00.  Do I need to file a Sch C for 2023 to maintain those carry over losses?

I work as an instructor/evaluator all over the United States. I live in KY and my pay comes from a company in MD.To whom do I pay State taxes to?

How can I file these 2 forms on my return. Do I need to file only one or both on my return for 2023. I use turbo tax 2023 desktop version. I know how to add 1099-misc and creating sch c and include expenses. But what format or steps I need to take to complete this. Anyone have any idea?    Much appreciated

I work in a preschool and get annual wage supplements. I do not own a business nor am I self employed.

I thought I received this as a scholarship that I did not have to pay taxes on. Reporting it as self-employment income rather than a scholarship is drastically affecting my return so would appreciate any advice!

Turbotax is showing the recapture amount as a gain and the 1099 amount as income so I have an overall gain of twice as much.  I need to associate the recapture amount with the depreciated equipment sale price.

I am having trouble interpreting the IRS rule "Generally, reimbursed non-entertainment-related meal expenses are deductible if your business trip is overnight or long enough that you need to stop for substantial sleep or rest to properly perform your duties."  As a self-employed, I take frequent long-day trips where I leave early in the morning (usually before 7 am) and fly to my temporary location, then return home (usually after 9 pm).  I know I can deduct the actual air travel, rental car, etc., but for a less than 24 hr trip, can I deduct my own meal expenses since it is such a long day?

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They used to give me W-2, but quit, but I cannot deduct anything. I was employed by them to work fifteen hours per week. I used their office, their equipment, just showed up to work as from 2018-2022.  2023 was not given W2.  I cannot afford to pay all that $$$... businesses and contractors have DEDUCTIONS. I DO NOT.   What can I do? Please HELP me.  (I also just started receiving SS retirement  monthly).   Signed: Hyperventilating in AR.