Question

One of the appeals of a sole proprietorship is that business expenses are

A. kept separate from your personal income tax return.
B. included with your personal income tax return.
C.divided equally between the partners.
D.
divided between the partners in proportion to their ownership shares.

Answer 1

B!
it makes everything so much less complicated to only have to file once instead of having to do an entire second report. just declare income for both as your own since you own everything!

Answer 2

i think the answer is b