Schedule C

[GymBD]

I own my own business as a dba  In 2022 I only did snow plowing and in 2023 added lawncare to my business and had some high startup business costs.  Should I complete a Schedule C for snow plowing and one for lawncare separately as my expenses are high due to the equipment I had to purchase to do lawncare  Same business name just added a second service to my business and of course the startup dates are not the same

[AnnetteB6]

Since you are operating under the same business name and just added a second type of service, keep all of your income and expenses on the same Schedule C.

The equipment that you had to purchase to add the second service should be added to the Schedule C as Assets to be depreciated.  Depending on the cost of some of the equipment, it may qualify to be expensed in the current year instead of using depreciation.  This would fall under the De Minimis Safe Harbor.  TurboTax will show you the requirements for this as you go through the section to add Assets to the Schedule C.