View Full Version : Filing Joint Tax Return With 2 Sole Proprietorships

11-30-2004, 10:26 AM
My wife & I currently file income taxes jointly. We both will form separate sole proprietorships in 2005 for our separate businesses, both which operate out of our house. Can we still file a joint return?

12-31-2004, 10:02 PM
Hi ~

Yes, you can still file jointly. Each Sole Proprietorship will need to be shown on a separate Schedule C attached to your personal 1040 income tax return.

That means you will need to keep track of the expenses and revenue for each sole prop separately.

Your Small Business Tax Expert