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How do you properly split business income and expenses in a husband-wife 50/50 sole proprietorship.
TurboTax says that I have to do two separate schedule C forms. One for me. one for her. However, all of our business income and expenses are on one credit card and our tax ledger does not show who paid for what. Do we just divide everything 50/50 or can I list all expenses under one person? This would be a lot easier than splitting everything single bill/receipt 50/50.
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May 31, 2019
11:28 PM