In Business Summary, how do I set up one business (joint venture) owned by a married couple so each of us can report our own Schedule C and claim 50% of the income and expenses? There is only one EIN for the business and one name for the business, so do I list it was two separate businesses with the same name but add something like (business1, business 2 or businesshusband, businesswife) to delineate, list the same EIN for both and then add half of the info in each Schedule C? Do I record our home office square footage in half for each of us at some point so we each get half the deductions? And how do whole house expenses like utilities factor in....there doesn't seem to be a way to enter those in halves. I AM SO CONFUSED!
