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1099NEC for residual income
My wife sold her business 2 yrs ago, but still continues to receive residual income on 1099NEC which generates a schedule C in turbo tax. We have no expenses to post against the Schedule C. In addition I also receive a portion of the residual income from her former business under my SSN. Can we combine all the residual income received into one schedule C under her SSN or do we need to have a schedule C for each of our SSN's?
2023 Turbotax Premier - MFJ
I guess there is no way to get around the schedule C, but it would be cleaner to have just 1
March 7, 2024
10:46 AM