Skip to main content
Level 1
December 7, 2019
Solved

Schedule C or 1065 how do I decide

  • December 7, 2019
  • 2 replies
  • 19 views

My tax client asks at what point should he separate business taxes from personal.  His company has issued him a 1099

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

A 1065 is for partnerships, so unless he has a partner, that's not an option.

2 replies

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

A 1065 is for partnerships, so unless he has a partner, that's not an option.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 7
December 7, 2019

You would file a 1065 when he has one or more partners in his business.  His business should already be separate from his personal.