topic Received one 1099-MISC with my name and co-owner's name. Can one of us file the 1099-MISC and deductions entirely, or split and file separately? in Get your taxes done using TurboTax

Received one 1099-MISC with my name and co-owner's name. Can one of us file the 1099-MISC and deductions entirely, or split and file separately?

jpmance — Thu, 06 Jun 2019 06:14:05 GMT

If a business has multiple owners it should be filing a P...

DexterS — Thu, 06 Jun 2019 06:14:07 GMT

If a business has multiple owners it should be filing a Partnership Tax Return (Form 1065). Form 1065 will generate a form K-1 for each partner. The K-1 get's entered on the respective partner's individual tax return (Form 1040).