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Business & farm
Since you and your wife both have a 1099-NEC - you are going to need to create 2 separate Schedule Cs. One for you and your business expense. And then a second one for your wife's 1099-nec and her expenses. You should have 2 'lines of work' - your self-employment and her self-employment. This way, your social security and Medicare taxes get credited to each of you instead of all going to one and the other getting nothing.
When you enter the 1099-NECs - it will ask you ''who/which Schedule C this form belongs to'' - hers should be linked to her Schedule C or your should be linked to yours.
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‎February 1, 2021
1:02 PM