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?
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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.
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SelenaP
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