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tay1075
New Member

How do I split a 1099 Misc into two separate categories. The band boosters reported $2,001.60. Of that $1500 should have my consulting business and 501.60 for judging.

 
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Accepted Solutions
NancyG
New Member

How do I split a 1099 Misc into two separate categories. The band boosters reported $2,001.60. Of that $1500 should have my consulting business and 501.60 for judging.

If you want to show the income as two separate businesses, you can do so.  You will enter the 1099-Misc twice, each time using only the amount you want to go to each specific business. 

To add multiple IRS Schedule Cs:

  • go to Business tab; then Continue
  • choose Explore on my own or I'll choose what to work on  (if it comes up)
  • then Business Income and Expenses
  • then Profit or Loss from Business, click Start or Update.  
  • you should see the Business Summary page that lists your businesses, 
  • right below the list you can Add Another Business.

 

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1 Reply
NancyG
New Member

How do I split a 1099 Misc into two separate categories. The band boosters reported $2,001.60. Of that $1500 should have my consulting business and 501.60 for judging.

If you want to show the income as two separate businesses, you can do so.  You will enter the 1099-Misc twice, each time using only the amount you want to go to each specific business. 

To add multiple IRS Schedule Cs:

  • go to Business tab; then Continue
  • choose Explore on my own or I'll choose what to work on  (if it comes up)
  • then Business Income and Expenses
  • then Profit or Loss from Business, click Start or Update.  
  • you should see the Business Summary page that lists your businesses, 
  • right below the list you can Add Another Business.

 

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