Do I file 2 schedule C forms if I have 2 businesses, if so how do I combine the figures from both?

I have 2 businesses. One is my main business and one is a side business. I usually file scedule C for each of them however since one of these businesses has not done any sales in previous years this was never an issue. Last year one of my businesses had a slight loss and the other one made profit. I am not totally sure what to do next. I think I am supposed to file 2 different schedule C forms and then somehow combine figures but I am not totally sure. Any suggestions? Detailed suggestions would be helpful.

Do I file 2 schedule C forms if I have 2 businesses, if so how do I combine the figures from both?
you have it exactly correct; do two separate Schedule Cs and then add the net income figures together before you go on to Schedule SE
Reply:Yes, two schedule C forms, but add up the numbers from the end to go on one schedule SE and one form 1040.





Example: if one made $8000 and the other lost $500, the total would be $7500 and that would go on top of the schedule SE and onto the 1040.
Reply:When you own an unincorporated small business by yourself, the IRS considers you a sole proprietor. Your business earnings (or losses) are included as part of your individual income tax filing.





If you run two or more sole proprietorships, you must file a Schedule C for each.





You would "net out" the profit/loss from the two to enter on your form 1040.
Reply:You are correct that 2 Schedule Cs would be completed. The combined total profit/loss would go on page 1 of your 1040.