Question

SoleProprietor with 2 DBA's and 1099's

Forum|Forum|2 years ago
August 7, 2023
1 reply
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Sole Proprietor-I operate a DBA storefront for which I populate the 1040 Turbotax form..I started a separate DBA online business that has issued 2 1099 forms. I'm assuming I add them to the 1099 part of the tax returns? What about the expenses for that online business? Where is it added? Misc expenses? Its about 15K

thanks

VolvoGirl

You will need to set up another Schedule C business. You should keep each business separate. Enter the income and expenses on a new schedule C.

And actually you can just enter the income as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C. You should be entering the income from your own records.

Not sure how to add another Schedule C in the Online version, but try this

Click on Federal

Then scroll down to Self Employment and click on Revisit
Then, you should see a link on the screen (under the first business) that says Add Another Business.