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Get your taxes done using TurboTax
Do you file a partnership return (1065) or merely split income and expenses?
If the latter, you can each issue a 1099 for half even though it is less than $600 for each of you (assuming you even need to do so since 1099s are for business reporting purposes and it is a good idea for the QBI deduction).
‎January 8, 2023
1:52 PM