schirallicpa Posted May 11, 2020 Report Share Posted May 11, 2020 Long ago on a planet far far away, you used to could check a "joint" box on the Schedule F. Now you have the spend the best part of an afternoon forcing the split. GRRRRR....... Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted May 13, 2020 Report Share Posted May 13, 2020 Whether it is a schedule F or C, I use a spreadsheet to make the allocation and then input each schedule, takes a minimal amount of time. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted May 13, 2020 Report Share Posted May 13, 2020 I do it 'down and dirty' by putting half the profits as sales on the second form. My old software allowed you to enter a percentage (usually 50%) to split the forms into two. It was pretty sweet. Quote Link to comment Share on other sites More sharing options...
mwrightea Posted May 15, 2020 Report Share Posted May 15, 2020 On 5/13/2020 at 9:50 AM, Abby Normal said: I do it 'down and dirty' by putting half the profits as sales on the second form. My old software allowed you to enter a percentage (usually 50%) to split the forms into two. It was pretty sweet. I do it Abby's way. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted May 16, 2020 Report Share Posted May 16, 2020 21 hours ago, mwrightea said: Abby's way Sounds like a soap opera! Or a romance novel. 1 Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted May 22, 2020 Author Report Share Posted May 22, 2020 its the depreciation that drives me nuts on these joint split schedules..... Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted May 22, 2020 Report Share Posted May 22, 2020 It was one of the worst decisions the IRS ever made. All that was needed for joint Sch C or F was a % field for the main spouse. Then you have separate Sch SE forms. That's all they were really trying to accomplish, getting the Social Security record right. 1 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted May 23, 2020 Report Share Posted May 23, 2020 9 hours ago, schirallicpa said: its the depreciation that drives me nuts on these joint split schedules..... Put full depreciation on Schedule F of spouse (a), then back out 1/2 and override same amount for spouse (b). Or as Abby Normal suggested, report 100% income and expenses for spouse (a), then allocate 1/2 as a single line entry to spouse (b). Quote Link to comment Share on other sites More sharing options...
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