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Level 1
June 6, 2019
Solved

We received one 1099 misc for our LLC business. How I separate it for two schedule C's. We are filing as a joint venture.

  • June 6, 2019
  • 1 reply
  • 26 views
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Best answer by Cattlerancher

I have never actually done this myself but I don't see why it wouldn't work. Just like all your other income and expenses, enter a 1099-MISC with half the amount on each schedule C. Make it look like you got two 1099-MISC's with half the total on each. When entering the 1099 it will ask "This 1099-MISC is For" check the appropriate box (you or your spouse).

1 reply

Level 7
June 6, 2019

I have never actually done this myself but I don't see why it wouldn't work. Just like all your other income and expenses, enter a 1099-MISC with half the amount on each schedule C. Make it look like you got two 1099-MISC's with half the total on each. When entering the 1099 it will ask "This 1099-MISC is For" check the appropriate box (you or your spouse).