I'm a freelance writer (in US), but I also do some freelance video editing, programming, and virtual assistance along the side. I'm wondering if each of this counts as a "separate source of income". In other words, do I need to submit different forms for each? Also, what about business expenses for each? For example, I had to hire a content editor for freelance writing, and I bought a video editing software for video editing.
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7Are you talking about specific tax forms? You don't fill out different personal tax returns for each source - you aggregate income and expenses for all activities in one return.– D StanleyCommented Mar 17, 2023 at 15:54
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2Are these separately incorporated businesses? Or is it all just a sole proprietorship? Do any of the individual businesses show a loss?– Justin CaveCommented Mar 17, 2023 at 18:35
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1Where did you see the phrase “separate source of income”? If you help us understand why you are asking, we will be able to give you a more relevant answer.– Ben MillerCommented Mar 16 at 10:53
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1@DStanley: yes and no. For US, if your businesses are sole prop (or disregarded LLC) they all go into one 1040 return, but you are supposed to use separate schedule C for 'each' business. OP: if these are all online computer-based, as it sounds like, IMO(!) you can reasonably call them parts of a single instance of 541990; but if e.g. you do freelance writing and also repair cars, or raise and sell horses, IRS wants those separated.– dave_thompson_085Commented Mar 17 at 0:28
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@dave_thompson_085: looks like an answer ..– keshlamCommented Aug 7 at 4:17
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