About Fuzzmonkey

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Solved Re: business income

Thank you for your responses. It was my wife's business in a community property state. I am listed as owner with my wife but have been passive as I had my own e...

Fuzzmonkey

Updated Jun 13, 2020
Solved Re: business income

The main question I have, is the 'ordinary income' reported as business income on schedule C and thus be subject to self employment tax?

Fuzzmonkey

6

Updated Jun 13, 2020
Solved Re: business income

We did allocate monies to the various assets. Copyrights, web domains, inventory at cost, equipment. It is a disregarded entity.

Fuzzmonkey

Updated Jun 13, 2020

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Cheered Re: business income for LudwigVan_fan. ‎June 13, 2020 9:12 AM
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Date Registered	‎May 17, 2020 7:09 PM
Date Last Visited	‎June 13, 2020 12:32 PM
Total Messages Posted	4
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