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Business & farm
You and your husband have a partnership. You either file a partnership return now or you file two schedule C forms.
If you are filing a partnership return, you will have to adjust the numbers for ownership. If you are filing 2 schedule C's each year, you could just quit filing yours.
While you know if you are filing a partnership return or 2 schedule C's, not everybody may realize that the option for 2 schedule C's is limited by where you live. If you live in a community property state, you qualify for the 2 Schedule C's.
If you are not in a community property state, you are filing a partnership return, definitely.
@Rick19744 thanks for catching that this would be confusing to new folks without the edit.
[Edited 04/10/20 | 5:15pm PST]
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‎April 10, 2020
3:38 PM