turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cityjake
Returning Member

Qualified Joint Business Venture schedule c details

spouse and I now run diner together after 29 years as sole proprietor with single schedule c running it my self,  now filing as joint venture this year and turbo tax auto filled spouse schedule c business address as our home address . we have employees so have had ein all along. Is spouse supposed to use same ein on schedule c to qualify employee wages expense. is it correct to file 2 schedule c's with same address and ein to qualify for same business deduction? Turbo tax just noted to use a different description of biz , no clarification of using same ein number to be able to expense labor, any insight?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PatriciaV
Expert Alumni

Qualified Joint Business Venture schedule c details

Yes, you report two Schedules C, one for each spouse. The business info, including EIN, should be the same. You must share the business' items for income, gain, loss, deduction, and credit. Self-Employment tax should be calculated on a separate Schedule SE for each spouse.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Qualified Joint Business Venture schedule c details

@PatriciaV You left us out to dry on the issue regarding the negative gross sales price. Care to come back and at least apologize for promising a fix on Friday and then not delivering?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies