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    Schedule C or 1065 how do I decide

    BeBe40
    Level 1

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

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    Just-Lisa-Now-
    Level 15
    Level 15

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    TaxMonkey
    Level 8

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

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