qualified joint venture schedule c details

Forum|Forum|4 years ago
April 17, 2022
1 reply
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wife qualified to requirements for JBV this year after leaving her job last year, understand we are splitting income and expenses based on interest %. should her schedule c have the same ein and address as mine? if not can she still deduct her percentage of employee wages even though it was paid under my ein#. noticed turbotax filled her business address as our home address instead of the actual biz address, should this be corrected?

ThomasM125

Level 15

Both schedule C's should have the same EIN number and address. You can both deduct your share of the payroll. The address isn't critical but it would be technically correct to enter the business address on the schedule C's.

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