I applied for an EIN because my SEP IRA required it. Should I use that EIN anywhere on my personal tax return?
You'll need to sign in or create an account to connect with an expert.
Schedule C:
Enter on line D the employer identification number (EIN) that was issued to you on Form SS-4. Do not enter your SSN on this line. Do not enter another taxpayer's EIN (for example, from any Forms 1099-MISC that you received). If you do not have an EIN, leave line D blank.
You need an EIN only if you have a qualified retirement plan or are required to file employment, excise, alcohol, tobacco, or firearms returns, or are a payer of gambling winnings. If you need an EIN, see the Instructions for Form SS-4.
See https://www.irs.gov/instructions/i1040sc#idm140229423597072
Schedule C:
Enter on line D the employer identification number (EIN) that was issued to you on Form SS-4. Do not enter your SSN on this line. Do not enter another taxpayer's EIN (for example, from any Forms 1099-MISC that you received). If you do not have an EIN, leave line D blank.
You need an EIN only if you have a qualified retirement plan or are required to file employment, excise, alcohol, tobacco, or firearms returns, or are a payer of gambling winnings. If you need an EIN, see the Instructions for Form SS-4.
See https://www.irs.gov/instructions/i1040sc#idm140229423597072
If you have one for the business then entering it on the Sch C is a good idea.
@Critter-3 , thanks. Where exactly do I enter it in TurboTax? I didn't see a place to do that.
Also, last year I didn't enter it in. Would that be a problem?
You'll use the EIN ***ONLY*** on the SCH C. That's it.
Edit the business info section ...
Go to Business tab- then Continue
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then…..
Business Income and Expenses - Click the Start or Update button
You should see the Business Summary page that lists your businesses, (right below the list you can Add Another Business)
Then click EDIT by the business name and the next screen should be a list of topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.
Click Start or Update by Business Profile
Then click Edit by the item you need to change
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.
Yomama3
New Member
amla809
Level 1
CW62
Level 1
kpgrear
New Member
hollyvie2801
Level 2