When using schedule f, I am splitting into 2 forms, joint venture for husband and wife. Do you split vehicle expenses the same way as the other income/expenses.

[shellypn]

 I understand splitting all the other income and expenses for the farm; however it seems strange to do it for the farm truck.  So to be more precise on Form 4562 do I put the 1/2 the miles driven so that it will equal the total amount driven?

[Phillip1 · Accepted solution]

Yes. Under the qualified joint venture rules, you should divide the auto expenses by the same proportion as you have divided the other income and expenses on the schedules F.

See IRS Election for Husband and Unincorporated Businesses:

Spouses make the election on a jointly filed Form 1040 by dividing all items of income, gain, loss, deduction, and credit between them in accordance with each spouse’s respective interest in the joint venture, and each spouse filing with the Form 1040 a separate Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship) or Schedule F (Form 1040), Profit of Loss From Farming and, if otherwise required, a separate Schedule SE (Form 1040), Self-Employment Tax.

[shellypn]

So under #30 on Form 4652 it says business miles.  We drove the truck a total of 12,000 miles.  So on each form I would put 6,000.

[Phillip1]

Yes, but I should recommend you make the mileage entry from the interview mode of TurboTax rather than to the forms directly.

[shellypn]

thank you... that's what I did.