- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How should a Partnership DBA multiple entities file tax return? should all DBAs go on tax or should only the partnership name go on the Schedule C. They are not doing 1065 because its a husband wife Partnership.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Perhaps you are trying to describe a Qualified Joint Venture? See this IRS reference:
But that is a mistake.
"A qualified joint venture, for purposes of this provision, includes only businesses that are owned and operated by spouses as co-owners, and not in the name of a state law entity (including a limited partnership or limited liability company)"
Don't yell at us; we're volunteers
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes thats where i was going with it, A joint venture, but i guess it wouldn't be that since the LLC is under their name and just using it for protection. So thy created a LLC but under that do 3 different types of wok. So trying to see if it makes sense to do the 1065 for the LLC and a schedule C for the DBAs. The thing is they are putting the income in the LLC account so in a sense the side Gigs are just DBAs. 1 is marketing, Consulting the other is catering.