Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
jonathanridder
March 19, 2023
Question

Business owned by married couple, 1099K to one spouse

  • March 19, 2023
  • 1 reply
  • 0 views

My wife and I run an Ebay business together in a community property state (CA). The 1099K from Ebay for our income goes to my wife.

 

I have read posts indicating that I should do one of these two things:

A. Enter all of the income on my wife's Schedule C. Create an expense on her Schedule C for half the income. Enter half the income on my Schedule C

B. Just enter the income on my wife's Schedule C.

 

Which is correct? Or is the answer something else?

 

Thanks

1 reply

J
JulieS
March 19, 2023

Yes, either option is acceptable if you file jointly, but option A is a better choice because it gives each of you your portion of the self-employment income. This matters when you file for Social Security.

 

If you file separately, you have to use option A.

 

The key here is that initially all of the income is reported in your wife's name, so that it matches the 1099-K.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification