Thank you very much for your reply. We are self-employed (sole proprietorship) and not an LLC or corporation. Each year we filed a Schedule C and Schedule E. We have a massage center (the owner's name is mine) and rental property owned by us, we both materially participate in the business. It was not intentional that I claimed all the income. When we registered our massage center business, we just put my name as an owner. We live in Colorado. Can we file our tax that 20/80 or 15/85 for the 2023 tax return? How we can file 15/85? Or do we need to change our massage center's owner's name to my wife with Colorado, and then file our tax return? I just want to make changes to the income allocation for my wife if it's possible. Is it a qualified venture if we file two Schedule Cs and Schedule Es by splitting 15/85 profit/loss?
