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 to report 1099 Income as a Qualified Joint Venture

My husband and I are filing as a Qualified Joint Venture. We have two 1099 Misc and both are in his name. How do I give myself income from the 1099's? Do I report I received a 1099 and enter half of the income? Or do I report that we received no 1099's and report the income as general income on both of our Schedule C's.
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
DDollar
Expert Alumni

How to report 1099 Income as a Qualified Joint Venture

The IRS does not provide specific guidance on how to do this.  I would report the 1099 on each Schedule C for half of the total amount.

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