Qualified Joint Venture 1099 Income Reporting
We have a qualified joint venture where all the 1099 misc income is reported in my name and SS#. Do I enter in income from the 1099 on line 1a or 1b of both Schedule C forms for my wife and I? The income is reported in my name not hers and TT does not allow you to differentiate on the income reporting. I used an override and in the review it's telling me there are potential problems. Please help !!