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If I have a side business and work full time can...
If I have a side business and work full time can I still do my personal taxes separate from my business taxes?
+6
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asked
Jan 29, 2020
by
carnarvon
(
250
points)
If I have a side business and work full time can I still do my personal taxes separate from my business taxes? I also didn’t make any money last year because I’ve just started my business and working on growing it this year. Help please! And thank you!
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3
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+5
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answered
Jan 29, 2020
by
meningitis
(
13.9k
points)
Best answer
It entirely depends on the way your business is structured, so I would consult a tax pro. Generally a sole proprietor or single-member LLC file a schedule C for their business along with their personal tax returns.
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+2
votes
answered
Jan 29, 2020
by
play
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1.2k
points)
I would ask a tax professional.
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+4
votes
answered
Jan 29, 2020
by
caudle
(
250
points)
If you elected s-Corp as your tax status then yes you can do separate returns. Otherwise you would have to do a schedule c on your personal taxes
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