The wife and I own a business 50/50. We split the income and expenses on two Sched C's. One 1099-MISC we received has the business name and her name and uses her SSN. Another 1099-MISC has only her name and uses her SSN. Can we split both of these 50/50 or do they have to go on only her Sched C? We do not have an EIN.
You'll need to sign in or create an account to connect with an expert.
You can split the amount on the 1099 with her social security number. Report the 1099-MISC on each Schedule C using half the amount on the 1099.
You can split the amount on the 1099 with her social security number. Report the 1099-MISC on each Schedule C using half the amount on the 1099.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Jan Chabot
New Member
madjack93
New Member
psychopengy
Level 2
qhgnlm
Returning Member
Rockhoundrob
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.