How do I track my self employment income and expenses separately from my husband's? And how do I track rental income and expenses separate from self employment?

Answer

Thank you for posting here in the Community, sextocala.

Let me share some information about tracking your business income and ex

QuickBooks Self-Employed is only designed to track your business-related transactions from self-employment.

A QBSE account is equivalent to one self-employed business/job. If you want to track your husband's self-employed business, each will need a separate QBSE account. Each job/business requires you to generate a 1040-ES form and Schedule C categories.

This will also effectively help you determine your estimated taxes for each self-employment business and maximize your tax deductions.

For more information on how we can help your business, please check our self-help articles here: https://community.intuit.com/quickbooks-self-employed.

That should get you going. If you have follow-up questions about how QBSE works, let me know by leaving a comment below. I'm always glad to help in any way I can. Have a great week.

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IntuitMaryJoy , Community Support Specialist
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