Unless your joint venture is operated as an organization exempt from income tax, the joint venture needs to file a Form 1065, US Return of Partnership income reporting the income from the 1099. You would then receive a Schedule K-1 as a partner that reports your share of the income based on your ownership share of profits. This you would enter into TurboTax self-employed as a Schedule K-1 from a partnership.
See Partnership as defined by the IRS on the Instructions for Form 1065.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
