Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

2015 Tax form 1040 with schedule C - I was granted an

Customer Question
extension - Due date 10-15-16 Just...
2015 Tax form 1040 with schedule C - I was granted an extension - Due date 10-15-16
Just completed my 1040 form with schedule C - In addition to this I have a small part time business - Do I start a second 1040 form with schedule C - Or do I use a different form? - if a different form can I get this from Turbo Tax?
Submitted: 1 year ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
9/20/2016
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago
Rick Martin
Rick Martin, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 93
Experience: CPA
Verified

Hi, I'm happy to help and will stay online for the duration of your question. I kindly ask that you give me a positive rating after I provide you with an answer if you are happy with my service. I'm available to answer any follow up questions.

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

You use the same 1040 but use different schedule C's if the businesses are unrelated.

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

Turbo Tax should be able to guide your through setting up another Schedule C.

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

Thank you for this opportunity to serve you. I kindly ask that you give me a good rating if you are happy with my service. My 5 star rating is very important to me. Have a good day. I will remain online in case you have any follow on questions. -Rick

Ask Your Own Tax Question
Customer reply replied 1 year ago
How do I start another Schedule C?
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

When you are in Turbo Tax, indicate that you have another business that needs a separate schedule C. Alternatively, you can go into forms mode and manually add another Schedule C.

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

Often, Turbo Tax is helpful in guiding taxpayers, but sometimes manual mode is faster. To enter manual mode, there should be a choice to go to "Forms".

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

Does this make sense?

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

I can wait online while you try it.

Ask Your Own Tax Question
Tax Professional: Rick Martin, Certified Public Accountant (CPA) replied 1 year ago

I'm going to opt out and let another expert respond. Another expert may be able advise you more precisely on which menu options in Turbo Tax will produce a second Schedule C.

Ask Your Own Tax Question
Tax Professional: Lane, JD, CFP, MBA, CRPS replied 1 year ago
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 12,855
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Verified

Hi,

...

To add another business or Schedule C….

  • Go to Business tab-Continue
  • Choose Explore on my own or I'll choose what to work on (if it comes up)
  • Business Income and Expenses
  • Profit or Loss from Business, click Start or Update.

...
You should see the Business Summary page that lists your businesses, right below the list you can Add Another Business.
...
Be sure to add it under the right spouse if you are married.

Ask Your Own Tax Question
Ask Lane Your Own Question
Lane
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 12,855
12,855 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

Lane is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Accidentally sent IRS an unsigned copy of our 2016 form 1040
accidentally sent IRS an unsigned copy of our 2016 form 1040 and later received a form 3531 requesting a valid original signature. Should that returned signature be dated to the original submittal dat… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
I have a schedule e form that I filed for extension (2016).
I have a schedule e form that I filed for extension (2016) . I attempted to send in time online but was thwarted by my own incompetence to follow directions basically. I saw that if I used a free form… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am a personal injury attorney doing a schedule c as we
I am a personal injury attorney doing a schedule c as we speak. . … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Small schedule c business donates fully depreciated
small schedule c business donates fully depreciated furniture to charity. They've been told that the FMV is $1,000. What is the deduction for contributed property? … read more
Lane
Lane
JD, CFP, MBA, CRPS
12,855 satisfied customers
I filed for an extension to file my 2017 income tax return.
I filed for an extension to file my 2017 income tax return. I recently suffered a stroke - 6 weeks ago - and have been unable to finalize my return. I should be able to file it within the next 30 days… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
Am doing the home and business turbo tax and have entered my
hi am doing the home and business turbo tax and have entered my wife's business info/cost/expenses for her teaching business. but this year, in 21016 I started a busing ness and have expenses. how do … read more
abci168
abci168
Principal
27 satisfied customers
I filed my Form 1040, prepared on TurboTax and filed
I filed my Form 1040, prepared on TurboTax and filed electronically via TurboTax. I got nothing back and was told by the IRS that the refund was sent to a different bank transit number than the one sh… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,458 satisfied customers
I asked for an Federal Income Tax extension to 10/16/17 and
I asked for an Federal Income Tax extension to 10/16/17 and I paid taxes due. This was for 2016. Am I able to extend it further?… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,217 satisfied customers
A taxpayer, Form 1040 Schedule C, is on the cash basis. The
A taxpayer, Form 1040 Schedule C, is on the cash basis. The average revenue for the last 5 years is $5,100,000. There is no inventory. The NAICS is 423600Can he remain on the cash basis?… read more
Lane
Lane
JD, CFP, MBA, CRPS
12,855 satisfied customers
I claimed over 5000 dollars on line 17 form 1040 schedule
I claimed over 5000 dollars on line 17 form 1040 schedule a.all items are clothes household items used in good to very Google condition.i have all donee receipts and list with fav for all items donate… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
Ms, I need to obtain tax forms (1040) for 2016. I have not
I need to obtain tax forms (1040) for 2016. I have not yet filed and wish to do so. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I filed my taxes with Turbo Tax and submitted the forms with
I filed my taxes with Turbo Tax and submitted the forms with E-File on April 11. A few days later I received an e-mail saying that my file was rejected due to a Turbo Tax problem, so following instruc… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,217 satisfied customers
What are lines 15a & 15b on form 1040 for 2015 tax return? i
What are lines 15a & 15b on form 1040 for 2015 tax return? … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
285 satisfied customers
How are canadian pensions reported on us form 1040. the
how are canadian pensions reported on us form 1040. the amounts on the pension form in canadian dollars or us dollors when mailed to a canad***** *****ving in us.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I filed a tax deadline extension through turbo tax on tax
My name is***** filed a tax deadline extension through turbo tax on tax day, but never got a confirmation through email which is***@******.***. … read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
154 satisfied customers
T5ax form 1040, need 2015 tax form email to print, require
t5ax form 1040 JA: The Accountant will know how to help. Please tell me more, so we can help you best. Customer: need 2015 tax form email to print JA: Is there anything else important you think the Ac… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Form 1040 line #44 what taxes--federal income tax + social
form 1040 line #44 what taxes--federal income tax + social security +medicare tax, all or just federal? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
When using form 1040, how and where does one report income
When using form 1040, how and where does one report income from life insurance death benefits? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x