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If you run multiple businesses, you'll need to prepare a Schedule C for each business. For example, if you drive for Uber as a 1099 side gig and you sell dog-walking services on Rover, you'll need to fill out two different Schedule C forms.
No, you don't have to prepare separate Schedule Cs for each 1099-Misc, if all of them are for the same business. You would report each 1099-misc separately but under one Schedule C. As to the W-2, you should report it as a regular W-2, regardless is that was part of your business.
Certain payments reported on Form 1099-MISC need to be included on Schedule C, and depending on the box the payment is in you will enter it either in the Form 1099-MISC menu or directly in Schedule C under Gross Receipts.
Include on line 9 the business portion of expenses for gasoline, oil, repairs, insurance, tires, license plates, etc., and. Show depreciation on line 13 and rent or lease payments on line 20a.
How to complete and file Schedule C for your small business Prepare your financial statements. ... File Forms 1099 for all contractors. ... Report cost of goods sold. ... Report income. ... Report business expenses. ... Report the business use of your vehicle. ... Add other expenses. ... Calculate net profit or loss and report on schedules 1 and SE.