OK. So if I do only one Schedule C (on my own return), then after adding up all incomes and expenses it will result in the TOTAL income/loss. So then:
1) What form and line do I enter half of the income/loss into on my wife's taxes?
2) Likewise, how/where do I take off that half from my taxes wo we're not counting it twice?
I mean, I know you have to fill out form 8958 to show how you split the incomes, but it says: "Each of you must complete and attach Form 8958 to your return showing how you figured the amount you are reporting on your return. On the appropriate lines of your separate return, list only your share of the income and deductions on the appropriate lines of your separate tax returns (wages, interest, dividends, etc.). "
The questions is, what is that "appropriate line" in the case of a Sch. C income?
It can't be line 31 - Profit and Loss - on the Sch. C itself because that's a computed amount (from the rest of Sch. C) , not a simply entered one.
So how do I correct it to show only a half and where do I enter her half on her return?
