Question 6 of 75.

Which taxpayer(s) should file Schedule C, Profit or Loss from Business (Sole Proprietorship), to report business activity?

Cierra. She is an employee of a ride-hailing company. She received a Form W-2 showing compensation received through the ride-hailing platform.

Nora. She and her brother, Andrew, jointly own an unincorporated business. They are both material participants. The business is a limited liability company under the laws of the state in which business is conducted.

Mia and her spouse, Taylor. They are married and will file a joint return. They are the only owners of a business in which they each materially participate. The business does not have limited liability status under state law, and they elect not to be treated as a partnership.

Tiffany and her sister, Lisa. They are the only owners of an unincorporated business in which they each materially participate. The business does not have limited liability status under state law.