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R
Rodneymb7
April 13, 2022
Question

Business LLC

  • April 13, 2022
  • 1 reply
  • 0 views

My wife and I file jointly in the past, but now she has a small business LLC.

Can we still file jointly and file the business separately? 

1 reply

J
JamesG1
April 13, 2022

You may file married filing jointly and the small business activity is reported under her name on Federal form 1040 Schedule C.  

 

Under the self-employment activity / general info / payments and identification, she will report the employer ID (EIN) for the LLC.

 

If you spouse is reporting the business activity on an IRS Form 1120-S, you may still file married filing jointly and the small business activity is reported under her name on IRS Form 1120-S Schedule K-1.  

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