If husband and wife both have a 1099 misc to file and we are using turbo tax whats the accurate way to file.Because when we did it jointly and we do the audit check it says...you told us that 1099 from company name was sent to your husband but you linked the income to a schedule c owned by wife's name.What are we doing wrong or is this okay.Not sure where to go from here. Any advice will help.
Also how do we know if we have to file state tax? Does this have to do with selling anything .If so we do not sell anything. Thanks for all and any answers.As time is coming to an end.
2007-04-11 05:03:42 · 5 answers · asked by Mid 3 in Business & Finance ➔ Taxes ➔ United States
You have to do two separate Schedules C, one for you and one for your spouse.
I'd erase the stuff you have and start over.
Usually, if you are required to file a federal return, you will need to file a state return also. Check the deadline for your state, sometimes it is later than the federal deadline.
2007-04-11 05:19:06 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
The husband reports his 1099 on one Schedule C, and the wife reports her income on a separate Schedule C. Whether you file jointly, is irrelevant.
On each Schedule C you need to report the nature of each business and the business code number of each. Do not combine income and expenses. Each
business is separate.
In regard to the state, where do you live. Does the state have an income tax?
If it does, you need to file a State return.
2007-04-11 12:30:13 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
Unless you are in business together and the two 1099's are for work in the same business, you'll have to file two separate schedule C's, not just add them together on one - that's probably what TurboTax is trying to tell you.
Whether you have to file state tax depends on the state you're in. If your state has a state income tax, you probably do have to file.
State sales tax is different from state income tax, and takes a separate filing to turn in sales tax you have to collect if you're selling taxable items. That has nothing to do with state income tax.
2007-04-11 12:20:43 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Fill out a Schedule C for each of you,, don't combine a 1099Misc for wife and husband on one Schedule C
If you have enough income to file Federal tax, more than likely you will need to file a state tax return also.
2007-04-11 12:14:11 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋
Try calling your local IRS and ask them. Explain what it is you are doing. They should be able to help you.
2007-04-11 12:14:22 · answer #5 · answered by Precious Gem 7 · 0⤊ 1⤋