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Old 01-22-2006, 10:35 AM
Phil Marti
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Default Re: Seperate Schedule C but shared hotel room (married couple)

"Matt" <mattsings[at]att.net> wrote:

- quote -

> My wife and I are both performers. We did a lot of
> travelling in 2005 together to do gigs and/or auditions.
> From my understanding we each are our OWN business. So we
> each have to file a Schedule C for our BUSINESS which is
> singing even though we file jointly. This worked out just
> fine last year (2004 Tax Year), but we didn't have any
> shared expenses at that time.
> So my question is this:
> We share hotel rooms, rental cars, meals and it all comes
> out of our joint bank account.
> On who's Schedule C do we show the expense?


Split them 50/50. It doesn't sound like you're a "Who had
the melba toast?" couple.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 01-20-2006, 09:34 PM
Matt
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Posts: n/a
Default Seperate Schedule C but shared hotel room (married couple)

I hope someone can help me with this:

My wife and I are both performers. We did a lot of
travelling in 2005 together to do gigs and/or auditions.

From my understanding we each are our OWN business. So we
each have to file a Schedule C for our BUSINESS which is
singing even though we file jointly. This worked out just
fine last year (2004 Tax Year), but we didn't have any
shared expenses at that time.

So my question is this:

We share hotel rooms, rental cars, meals and it all comes
out of our joint bank account.

On who's Schedule C do we show the expense? Do we just pick
one? Or do we split it evenly?

We have all reciepts, but I can't figure out what to do on
this one.

Any help would be greatly appreciated.

Thank you.

MATT SINGER (yes it's my real name)

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
couple, hotel, married, room, schedule, seperate, shared
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