turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How Do I split out a ?schedule C? on our joint return??? My wife and I work together on each inspection and proceeds go in to our joint account.

Both my wife and I do these Insurance Inspections jointly and put the proceeds in a joint account. As retirees who have returned to part time work out of necessity, we can't afford the higher priced options for help with our joint return.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
nheid333
New Member

How Do I split out a ?schedule C? on our joint return??? My wife and I work together on each inspection and proceeds go in to our joint account.

It kind of depends on how your business is organized and what would be allowed by the IRS.  Are you a sole proprietorship, partnership, or LLC, or corporation of some sort?  In some circumstances, the IRS allows husband and wife to enter the business income on one Schedule C for the business.  You might look up "Joint Qualified Venture" and see how it fits your situation.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question