June,
I am a 1099 web developer. My wife makes jewelry which she sells in her spare time. Can we roll both of these businesses into one entity (a DBA maybe?) to be able to deduct her expenses for tools and supplies.
Thanks!
Jason
Hi Jason,
This is how to do it: One of you has a sole proprietorship business that legitimately combines all services and products that you both offer. One spouse becomes the employee of the spouse with the business.
There are many benefits to this type arrangement, including medical and pension. There'll be a posting soon explaining all the benefits.
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