Do You File Business and Personal Taxes Together

Yes, for Sole Proprietors and Single-Member LLCs: Business and personal taxes are filed together on Form 1040 with Schedule C.

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Pass-Through Entities: Partnerships, multi-member LLCs, and S-Corps file separate business forms, but income passes through to your personal return.

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C-Corporations: C-Corps file business taxes separately using Form 1120.

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Self-Employment Tax: Sole proprietors and LLCs also file Schedule SE for self-employment tax.

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S-Corp Taxes: S-Corps file Form 1120S, and owners report income on their personal returns via Schedule K-1.

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State Filings: You may need to file separate business and personal state taxes.

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Use Tax Software: Use TurboTax Self-Employed or Business for combined filings.

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