Can I file a Schedule C *AND* F for the same entity? Hello!
I farm lavender, and extract it into essential oils which I sell wholesale to other businesses. I also have a small business, which has a DBA under my LLC, which manufactures and distributes consumer products that include me essential oil.
Is it possible for me to file a schedule F for my farming/processing activities, and also file a schedule C, under the DBA, for my consumer product activities? I know they will combine on form 1040 for a total profit or loss because the DBA is not financially separate from the LLC on form 1040, but is it possible to file a schedule C PLUS an F for the same entity(LLC) like this?
It is desirable for me to have a method of profit/loss recording for the consumer products business alone, such as a schedule C.
Thanks a ton for any tips! |