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.

1317

1 Best answer

New Member

Jun 3, 2019 11:40:34 AM

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.

New Member

Jun 3, 2019 11:40:34 AM

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.

Why sign in to the Community?

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.