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Should I use my EIN on my tax return if I'm a sole proprietor?

I applied for an EIN because my SEP IRA required it.  Should I use that EIN anywhere on my personal tax return?

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Should I use my EIN on my tax return if I'm a sole proprietor?

Schedule C:

 

Line D

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

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6 Replies

Should I use my EIN on my tax return if I'm a sole proprietor?

Schedule C:

 

Line D

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

Should I use my EIN on my tax return if I'm a sole proprietor?

If you have one for the business  then entering it on the Sch C is a good idea.  

Should I use my EIN on my tax return if I'm a sole proprietor?

@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?

Carl
Level 15

Should I use my EIN on my tax return if I'm a sole proprietor?

You'll use the EIN ***ONLY*** on the SCH C. That's it.

 

Should I use my EIN on my tax return if I'm a sole proprietor?

Edit the business info section ...

 

1a.jpg1....jpg

Should I use my EIN on my tax return if I'm a sole proprietor?

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

 

T Bus EIN Edit.jpg

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