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01 Oktober 2008

Re: [taxchat] 2 residential home facilities

If she is operating them both under one name and federal ID then she can use one schedule C.

On Wed, Oct 1, 2008 at 10:20 AM, Cris Kelly <ckelship@yahoo.com> wrote:

I have a client that is operating as a sole prop. 

 

In 2007 she purchased a 2nd location, so now she has 2 residential care homes. 

 

Am I correct that I can combine all the income / expenses on one Schedule C?  Or do I need to have two separate 'C's since they are not located together?

 

I believe that I can combine them, I just want to verify with the experts.

 

Thanks for the help.

 

Cris

 

 



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