I gave my husband $10,000 to buy business equipment that he will depreciate. Does he just show that as income?

The money that I gave him is from money I withdrew from my retirement account last year.  It is already being shown as income on our joint tax return. If he also shows it as income on his Schedule C we will be taxed on it twice. If he doesn't show it as income he is going to have a NOL on his business.