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New Member
posted Mar 30, 2025 10:23:13 AM

Self employed partnership, do I report the business total or just my portion?

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2 Replies
Moderator
Apr 1, 2025 10:37:23 AM

You would put in your business' total income.

 

In TurboTax, you'll be asked if your business is a partnership, and what percentage of the business belongs to the other person(s). TurboTax will then claim only your portion of the income on your return. The same goes for expenses, unless you enter an expense that is just for yourself and not the whole business.

 

New Member
Apr 1, 2025 10:53:54 AM

I was able to reach someone on the turbo tax chat and they told me to do the opposite. Just to claim half of the business profits.