I reported my small business expense and 1099s on my joint 1040 last year under my SS#. This year I have 1099s on my new EIN. Can I report my income from the EIN 1099 on my joint 1040 under my SS#? Or, do I need to file a separate return for income and expense under my EIN?
You'll need to sign in or create an account to connect with an expert.
If your business is still operated as a sole proprietor, you will continue to report the business income on Schedule C of your personal return under your social security number. If, however, you incorporated your business in 2018 (Corporation, LLC, etc.), you will file a separate business return under the EIN for the business.
If your business is still operated as a sole proprietor, you will continue to report the business income on Schedule C of your personal return under your social security number. If, however, you incorporated your business in 2018 (Corporation, LLC, etc.), you will file a separate business return under the EIN for the business.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17537184588
New Member
user17626154175
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
Jessica1894
Level 1
in [Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
HollyP
Employee Tax Expert
JoeTaxDad
Level 1