Splitting 1099misc married couple

TurboTax suggests splitting business income and expenses instead of filing a partnership return. Splitting the expenses is no issue, but the only income is reported on 1099-misc.

How do we split that?

1561

Intuit Alumni

Jun 1, 2019 11:55:24 AM

Spouse #1 reports the entire 1099-MISC on their Schedule C.

Then in the Other Expenses area Indicate that 50% of the MISC was issued to Spouse #2. (Put Spouse name and social security number int he description.

Spouse #2 can enter the income one their Schedule C as other income.

New Member

Jun 1, 2019 11:55:24 AM

Hi Mike T, can this same method (splitting the 1099misc) be done with non-spouse business partners?

Level 15

Jun 1, 2019 11:55:26 AM

Non-spouse business partners must file a partnership tax return, Form 1065. Each partner then gets a K-1 for his/her respective share.

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Splitting 1099misc married couple