rbynaker
Level 13

Somebody has to come up with an allocation (and unless you're in the business valuation business, that somebody shouldn't be you.)

IRS Form 8594 is a good starting point.  Form and instructions can be found here:

https://www.irs.gov/forms-pubs/about-form-8594

As with any business, you can't do the tax return until someone has done the bookkeeping.