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Another Question
Posted Saturday, March 24, 2012
Question - During the past year I had to do several different things to make a living income. How should I report them on my return?
Sounds like you were self-employed. If so you would want to use Schedule C [or C-EZ] to report your income. While you could use more than one Schedule C, or even diverse income sources, it is not necessary. You can probably combine all the income and all the related expenses on a single Schedule C.
Think of a department store, do you think they file a separate return for each department? NO! Of course not, each store [or chain] would use one tax return for all departments. However, their internal reporting would contain each department's activity for management's review.
So don't beat yourself up, just combine all the businesses and fill in the forms once.
If your situation is new to you, you may benefit greatly by using a professional tax preparer, someone who will guide you thru the process of gathering all that data to turn your self-employed activities into a less painful experience.
Sounds like you were self-employed. If so you would want to use Schedule C [or C-EZ] to report your income. While you could use more than one Schedule C, or even diverse income sources, it is not necessary. You can probably combine all the income and all the related expenses on a single Schedule C.
Think of a department store, do you think they file a separate return for each department? NO! Of course not, each store [or chain] would use one tax return for all departments. However, their internal reporting would contain each department's activity for management's review.
So don't beat yourself up, just combine all the businesses and fill in the forms once.
If your situation is new to you, you may benefit greatly by using a professional tax preparer, someone who will guide you thru the process of gathering all that data to turn your self-employed activities into a less painful experience.