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Fuzzmonkey
Level 2
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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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