If you are filing a Schedule C for a business, and that business is jointly owned by you and your spouse, you can file two Schedule C's and split the profit (or loss)
Why would you want to do this?
Schedule C lists only one Taxpayer. If you want both Social Security accounts funded, you need to file two Schedule C's, one in each social security number.
This can only be done with married couples.
You would list half the amount as an expense on one Schedule C and then that same amount as income on the second Schedule C.
Information about Qualified Joint Ventures.
If you are filing Separately in a Community Property state, you will each report half the community income on Form 8958.
Form 8958 is supported in TurboTax.
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