My wife and I both work full time. She also has her own business where she gets a 1099 MISC. Should we file the business separately from our personal returns?

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Level 3

May 31, 2019 9:29:31 PM

No, your Form 1040 is for all income that you receive in 2016. You should report all income on the same form.

To enter a 1099-MISC, go to Other Common Income>Income from 1099-MISC. She can also take any expenses generated because of that income.

Depending on whether she intends to keep that business for future years, it may be subject to self-employment tax.

Turbo Tax will ask you questions and file it appropriately according to the answers you give.

Level 3

May 31, 2019 9:29:31 PM

No, your Form 1040 is for all income that you receive in 2016. You should report all income on the same form.

To enter a 1099-MISC, go to Other Common Income>Income from 1099-MISC. She can also take any expenses generated because of that income.

Depending on whether she intends to keep that business for future years, it may be subject to self-employment tax.

Turbo Tax will ask you questions and file it appropriately according to the answers you give.