wildbill@ucbvax.UUCP (William J. Laubenheimer) (03/10/84)
Last year I had income from two very unrelated freelance and part-time occupations. (One was computer consulting, and one wasn't.) Does anybody out there in net-land know whether I file one schedule C for each occupation, or a combined schedule C for both? Also, if the answer is ``one form'', does the ``two out of five years'' rule for showing a profit in order to avoid having your losses cancelled by the IRS apply to the total shown? (If so, I can make some quite creative deductions related to the second occupation, and still show a decent profit on the whole thing.) Only 37 more days till tax time, Bill Laubenheimer ucbvax!wildbill
johnl@haddock.UUCP (03/16/84)
#R:ucbvax:-30700:haddock:16400001:000:239 haddock!johnl Mar 15 14:44:00 1984 The usual rule is that you file a separate Schedule C for each separate business that you run. Perhaps you could persuade them that you run "Joe's Ice Cream and Geological Stress Analysis Parlor," but perhaps not. John Levine, ima!johnl