Hi,
My wife and I are setting up a new business, as QJV. Teaching a language. My wife will be doing the teaching, I will be doing contract, finding clients, advertising, budget. and may fill in the role of teaching if my wife unable to make that time.
since the 1099 will be in her name is it still ok to split the 1099 amount base on our agreement which will either be 50-50, or 60-40 60 being her. or do we need to have some of 1099 in my name as well. there won't be must deduction other then equipment, home office and software. this business will be done online via zoom. so the business expesses will be 50-50 on sch c we just wondering how to do the 1099.
