You would need to allocate between the two. For example: You use a computer for both. For business A you use the computer 45%, business B you use the computer 50% and personal business 5%. You would enter the computer on the two businesses as follows:
- Business A - $1000 computer cost used 45%
- Business B - $1000 computer cose used 55%
Listing them separately at the correct allocation for each business on their separate Schedule Cs is a cleaner way to present the information. Also it would make it easier for the IRS to confirm there is no double dipping.
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