Thank you for your prior response. The farm has been set up as a sole proprietorship, so no LLC. I am not so much concerned about the bank accounts and expense accounts. However, all 1099s (government, crop insurance, cooperative payments) we receive come in his name only. Is this problematic (as far as the IRS is concerned) when dividing up the income? In other words, will it look erroneous to attribute half of the income reported on 1099s in his name on my Schedule F? Or should we have all of these accounts placed in both of our names before reporting as QVJ? Thank you in advance for any further advice!
