Established Schedule C under SSN. Creating an EIN for side work. Do I need to do a second Schedule C for that or can it all be under one?

Forum|Forum|3 years ago
March 8, 2023
9 replies
100 views

For 10 years I've worked as a freelancer/contractor for the same law firm & nothing else. Always used my SSN for Schedule C. Now I want to create an EIN to use for some infrequent side jobs. Do i have to create a second Schedule C for that EIN & keep using my SSN for the established long-term work -OR- can i change my current Schedule C from using my SSN to using the new EIN and roll it all in under the same Schedule C??? I don't want to mess with my long-term historical use of SSN work in fear of triggering an audit. Which would be the safest route (2 schdule c's or 1)???

TurboTax Online

Bsch4477

Level 15

You could do either. If your new income is from essentially the same activity as your other job it might be simpler to have one Sch C. If deductions apply to one but not the other, it might be better to separate them.

SyberKnightAuthor

Level 4

thanks for your reply.

the new income would not be the same activity as the other/older/full-time one. just something different a little here'n'there.

CatinaT1

Level 15

You would do one Schedule C since you aren't changing the line of work you do. You can start reporting under the EIN now instead of under your SSN. The EIN is ultimately tied to your SSN through the EIN.

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

SyberKnightAuthor

Level 4

thanks for your reply!

the type of work will be different than what i normally do.

i didn't know if i replaced my SSN with the EIN if that would raise a red flag or anything.

i suppose i would also need to change the category from law work to general.

CatinaT1

Level 15

Each different business activity is filed under its own Schedule C. You can use your EIN for the business you set it up for and continue using your SSN on the other one.

Changing from a SSN to an EIN does not raise a red flag.

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