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raragon7713
New Member

Can I split a 1099 mis with my friend it is made out under my name but we went half with everything.

 
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VolvoGirl
Level 15

Can I split a 1099 mis with my friend it is made out under my name but we went half with everything.

Then you report the full amount and expense his half as contract labor.  You give him a 1099Misc from you for his half.

Or actually you should be filing a separate Partnership business return.

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VolvoGirl
Level 15

Can I split a 1099 mis with my friend it is made out under my name but we went half with everything.

Then you report the full amount and expense his half as contract labor.  You give him a 1099Misc from you for his half.

Or actually you should be filing a separate Partnership business return.
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