How do I report my small business income and independent contractor income?

Elicia_D7
Elicia_D7 Member Posts: 1 Newcomer
edited December 2024 in Income

I have my own small business and I work for a company as an independent contractor offering the same service. Will I file them both as one (my own business)?

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Answers

  • AndyS
    AndyS FreeTaxUSA Agent Posts: 14

    Are you filing your small business information on a Schedule C? In general, you would combine like work on one Schedule C. For example, someone who works for Lyft and Uber would use one Schedule C to report the income and expenses. If it is the same type of work and you receive 1099-NEC income as an independent contractor, it would typically all be reported on the same Schedule C.

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